When the War is over, as inevitable it will be one day, all the companies pulling out of Russia, will of course make up for lost profit by re appearing there, without the fanfare of the announcements of their withdrawal.
The ability of to US, the UK, EU and others to volte face is quite remarkable, but not to me. Again for those with selective memory loss , a mere 3 years ago Trump and the US administration tried to forment a coup against the Venezuelan government of Nicolás Maduro.
United States, the UK, the European Union, Canada, Mexico, Panama and Switzerland applied individual sanctions against people associated with the administration of Maduro.....sound familiar?
At the time I posted this on the Bounce....
US imperialism is continuing in its attempts to bring about regime change in Venezuela. We publish here a statement from the International Marxist Tendency, explaining why it is the duty of all socialists to fight this coup.
www.socialist.net
The relevance of this to the situation in Ukraine is off course
Oil.
Venezuela has the largest deposits of oil in the world.
While these countries put an embargo on their oil .
Through April 2019, the U.S. sanctioned more than 150 companies, vessels and individuals, in addition to revoking visas of 718 individuals associated with Maduro.....sound familiar.
It however can be no surprise to anyone that the attempted strangulation of the Venezuelan economy and support for attempted regime change has now somewhat turned to dust by events.
From the Financial Times today....
The US cut diplomatic ties with Maduro’s regime three years ago but sent a
high-level delegation to Caracas on Saturday, as the Biden administration looks for alternative energy supplies after
imposing sanctions on Russia over its invasion of Ukraine.
The meeting appeared to mark a major policy shift for the US, which was the biggest buyer of Venezuelan oil until the Trump administration imposed sanctions on Caracas in 2019, closed its embassy and accused Maduro of stealing a presidential election the previous year.
They do irony and hypocracy in equal measure. Business is business after all!
BIG G