The west needs an off ramp from sanctions too

BloombergOpinion/John Authers/3-14-2022

“Excluding Russia from the global financial infrastructure promises to create stress for the rest of the world, whatever its effects on Moscow. The most dramatic effects are on the strategically important metal nickel.”

USAGOLD note: Authers digs deep on the impact of war and sanctions on commodities’ trading (and markets) starting with nickel and ending with wheat. He correctly points out that the negatives on sanctions cut both ways, as shown persuasively by recent events at the London Metals Exhchange, i.e., the boomerang effect.

Image: Diagram of a boomerang flight path as seen from above.