An embargo would certainly not be crippling but effectively losing 2.8% of ur gpd would be a pretty big deal. So i doubt they have "no" leverage just much much less than they seem to think.
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I think the idea is to continuously hurt their own economy while staring accusingly at China.
that's how I expect things will develop for the foreseeable future
Should probably add US vassals to the US tally but it probably won't change the overall picture.
I'm expecting it's going to be hard to enforce bloc discipline with western economies going into a tailspin now.
German government coalition collapsed (because a third of the coalition wanted more austerity) and Scholz immediately went to call Putin, if you want more evidence of low discipline.
lol yeah these people are clowns
I wonder what the opposite chart looks like ... :P
Unrelated, but the y-axis label should probably read USD millions.