September 20, 2022 will go down in history as the day Vladimir Putin started World War III after he mobilized his army to continue his war against Ukraine, while, simultaneously, threatening to use nuclear weapons. It’s his Sudetenland moment, except, unlike 1938, Europe is unwilling to say yes to him. Today, the world has no choice but to confront the new Hitler-in-the-making by bankrupting Russia and starving it of funds to wage its war on Europe.
Russia relies on two industries to sustain its economy. Energy and weapons. One has but self-destructed after watching the Russian military performance in Ukraine, but the other continues to strive because of both China and India. If the German people are willing to take cold showers in winter, the Chinese and the Indians should also suffer the consequences of their own government’s actions in supporting the Russian oil and gas industries and filling Putin’s coffers. This means US sanctions on both countries, if necessary, because their funds are, indirectly, assaulting Europe. The world has no choice but to starve Russia of the means to continue waging wars against the innocent.
Do we kick the can down the road in the hope Putin won’t invade all of Ukraine, or do we buckle up for the impact on our economies today?
THE WORLD HAS NO CHOICE
Without a doubt, the world is at a crossroad today as Putin keeps upping the ante. He must believe that his bluff would not be called by the international community. His calculations are that the West will not shoot itself in the foot economically to stop him. Therefore, our leaders must ask themselves: Do we abandon Ukraine and wait for Putin to aggressively occupy other countries across Europe now that he found our Achilles’ Heel? Or do we have no choice but to bankrupt Russia TODAY to stop Putin once and for all even if that means economic sanctions on China and India could also harm western economies?
Do we kick the can down the road in the hope Putin won’t invade all of Ukraine, or possibly more countries in Europe to rebuild his Soviet Union, or do we buckle up for the impact on our economies today?
These are the hard choices we face as of September 20.
Short of that, both the US and Europe must slap high tariffs on Chinese goods to kill their exports.
CHINA MUST TAKE RESPONSIBILITY FOR SUPPORTING PUTIN
In all the confusion over Putin’s words and actions, we should not forget that China, from the get-go, stood by Russia as it invaded Ukraine. The country bears some of the responsibility for leading the world to the edge of this abyss.
The United States and Europe have to act against China today. Either we slap severe sanctions on their exports, which will diminish their capacity to buy Russian oil, or they do it voluntarily. No third option available for President XI shortsightedness in supporting Putin. The best XI can do at this time is announce that China will no longer buy Russian oil. That would go a long way in deterring Vladimir Putin and coalescing the world community around a peaceful resolution of the Ukrainian war rather than letting Putin continue his military aggression.
Short of that, both the US and Europe must slap high tariffs on Chinese goods to kill their exports. That would diminish Chinese need to buy oil from Russia as China relies on its manufacturing to charge its economy.
We have no choice but to prove him [Putin] wrong or, soon enough, he would have Europe submit to his own Barbarossa campaign.
WILL INDIA VOLUNTARILY STIR OR CALM PUTIN?
India is in the same position. Will Narendra Modi, the prime minister of India, choose to ignore the west by pressing ahead with funding Putin’s war, or will he commit to buying less or no Russian oil at all? Since February, India has quadrupled its Russian oil purchase to 833,000 barrels per day because it could save money. Modi must see the folly of his tactical shortsightedness as well.
Prior to purchasing cheap oil from Russia, India relied on Saudi Arabia for its oil purchases.
The Biden Administration, in addition to supplying more weapons to Ukraine, must now delve into an area that President Biden’s whole political career has attempted to avoid at every turn. It has to do with ignoring his instincts to always find a compromise. This time around, Biden may need to tell both China and India to back off, or else.
It’s either that or we mobilize NATO fully to fight the Russians in Ukraine.
Putin believes we don’t have the guts to make the right difficult decisions. We have no choice but to prove him wrong or, soon enough, he would have Europe submit to his own Barbarossa campaign.