Funny how Russia is absent from the list
> U.S. total goods trade with Russia were an estimated $3.5 billion in 2024.
Among European Union members:
> The total bilateral trade in goods reached €851 billion in 2023.
Bro digitally simps for nations for political identity, and instantly folded under the lightest application of reasoning. That is sad.
You can’t possibly qualify this shitshow as "peace negotiations"
Total trade with Ukraine in 2024: $2.9bn
https://ustr.gov/countries-regions/europe-middle-east/russia...
So, Ukraine will get an exemption, too, right? Because their trade is even a mooter point, right? Right?!
Fertilizer is not sanctioned due to the fact it’s needed for food security in the EU (surprise suprise, the EU is not just insecure domestically in terms of military and energy and technology, but also in terms of fertilizers needed to grow food, fantastic governance they have over there…leaving potash mining or nat gas extraction to other countries does look good for those domestic net zero calculations though!).
This policy dates back to the end of WW2 as an attempt to prevent one country getting too aggressive and hence starting another war.
Since the fall of the wall, Russia was seen as a legitimate trading partner for the block and, in the long term (just as Türkiye), as member of the block.
Hence sourcing fertiliser from Russia was taken to be a strategic positive since it tired Russia to Europe.
And you still defend this as a strategic positive?
Instead had I said this ten years ago, the majority of politicians in the EU would have been d’accord. What does that imply about our political systems?
There have been a bunch of alliances in Europe over the centuries, none have been permanent.
So... I think it was a good thing after all. It could've worked out, and bring us peace. A moonshot with great payoff but some chance of failing is often a risk worth taking, HN should know that :)
All those circumstances also would have made the point moot... yet they all still made the list.
I don't see much movement into other currencies, just the usual fluctuation: https://en.wikipedia.org/wiki/Reserve_currency#Global_curren...
"Other currencies" gained two percent point, I guess that's the Rupees the Ruzzians sold their oil for.
Those other neighbors themselves invaded many countries. They stole the money of other countries. Like Venezuela. They never had their assets stolen. Apparently, they subscribed to none of the moral values and ethics they have been advocating. So that argument doesn't count.
Those are currency reserves. Not the changes in the usage of currencies in international trade. But hey, don't let me disturb the comfortable numbness...