Finnish president admits their sanctions didn’t work

Finland like with the rest of Europe imposed sanctions on Russia and all businesses stop selling in Russia find out that Russia is ineffective by it and still are selling products in Russia despite the sanctions.

The Finnish president himself said their sanctions on Russia have proven to do nothing in economically damaging Russia’s economy.

RT

The exit of Finnish companies from Russia has failed to have an economic impact on Moscow, as many firms from other countries have stayed, Finnish President Sauli Niinisto said on Thursday, in an interview with Le Monde.

Finland was one of the few nations whose companies completely left the Russian market after the start of Moscow’s military operation in Ukraine last year, according to Niinisto.

Referring to the 2014 round of sanctions, imposed after Crimea joined Russia, he said that EU countries believed that “sanctions would cause the Russian economy to collapse. Some said within six months. That was a miscalculation. They had an impact, but not on the scale we imagined.”

Turns out none of these people realized that Russia is the perfect country to be able to produce anything on their own.

All the stuff that has left Russia or is continue to be sold in secret can just be replaced by domestic products since Russians aren’t that concerned over Coca cola or McDonalds leaving Russia forever.

According to the Kremlin, the exit of foreign businesses from the Russian market has created new opportunities for domestic firms.

“The Russian firms that have taken the places vacated after the departure of foreign, including Finnish, companies… welcome their departure and feel quite comfortable and happy in [their] new business,” Kremlin spokesman Dmitry Peskov told journalists on Friday.

European companies are still selling in Russia in secret or not even caring at all since Russia is a big market to sell to.

Research showed in April that fewer than 10% of international brands have actually left Russia.

The Kiev School of Economics conducted an analysis of 3,157 foreign firms that operated in the Russian market prior to the start of Moscow’s military operation in Ukraine as part of its Leave Russia project. According to its findings, only around 200 foreign companies have so far exited the Russian market amid Ukraine-related sanctions.

Research by Yale University suggests that the number of foreign firms to publicly announce that they are voluntarily curtailing operations in Russia beyond what international sanctions legally require stands at more than 1,000, while other firms have chosen not to reduce their business.

Europe is destroying itself in this fantasy that they can destroy Europe’s remaining industrial power while they don’t even produce their own materials anymore. The UK is 3rd world now due to boycotting Russian products when manufacturing has gone extinct on the island.

Companies are only going to smuggle their products into Russia through Belarus or Poland and it will continue until Europe just lets Russia have Crimea and the Eastern territories and lifting all sanctions.

But from the looks they will sign their death warrant if it meant a 1% chance of Ukraine “winning” when they have been on breaking point in the last few weeks.

Z

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