After the Gulf War, Iraq was hit with some of the worst international sanctions in global history. The point was to isolate Iraq.
Now the world is gearing up to punish and isolate Russia for their aggression in Crimea. However, there is an important difference, and it isn't nuclear weapons.
The fact is that we aren't going to be able to isolate Russia because the rest of the world isn't on-board with the plan.
This isn't a pro or anti Russian statement. It's merely the way it is.
America simply doesn't have the same clout it did in 1998. We may still have our military clout, but that isn't enough.
We've lost our economic clout. We've lost out political clout. We've lost our moral authority.
Just today, Russia signed an agreement with Iran in a $20B oil-for-goods deal.
The United States government was not happy about that.
Of course it is just Iran. They are already isolated and "the enemy of my enemy is my friend".
If that was the only thing then, no big deal. But it isn't.
"The bottom line is that the threat of sanctions on energy supplies from Russia has indirectly strengthened China's position in the negotiations," Nesterov said.OK, that's bad. Russia will be able to get their energy directly out to customers, unlike Iraq.
But its only Iran and China, right? Wrong.
India has signed a deal worth over Rs 2,600 crore with Russia to procure 66,000 anti-tank shells to meet the shortfall of critical ammunition faced by its armoured fleet including the latest T-90 tanks.That's only symbolic. India also signed a deal for Russian nuclear reactors and are considering a free trade agreement.
The really big deal between India and Russia will soon be announced.
(Reuters) - Rosneft (ROSN.MM), the world's top listed oil producer by output, may join forces with Indian state-run Oil and Natural Gas Corp (ONGC.NS) to supply oil to India over the long term, the Russian state-controlled company said on Tuesday.It isn't just Iran, China, and India.
South Africa has also decided that now was a good time to sign trade agreements with Russia.
While Brazil hasn't signed a new agreement with Russia, they are still a go on the old one.
No matter where you stand on the Russia/Ukraine issue, this is still a big deal. If the West can't isolate Russia, then our hand is much weaker, and we will need to either accept the situation or change strategies.
What's more, it also shows just how much weaker the United States is on the world stage than it was before the Bush Presidency.