Russia, China, Turkey, Iran, and even India are targets of the US sanctions; what practical measures should these countries employ to counter US sanctions?
Paul Craig Roberts: The sanctions only work because the governments and companies of the sanctioned countries and Washington’s vassal governments in Europe, Canada, Australia, and Japan permit them to work.
Foreign companies accommodate the illegal sanctions because the companies do not want to lose access to US markets. To put a halt to this, the sanctioned countries can simply announce that sanctioning countries lose all access to their markets and break off all economic relations with the West. Countries faced with lack of access to Chinese markets and Europe faced with lack of access to Russian energy, the sanction regime would collapse.
Foreign governments, including those sanctioned, go along with Washington’s sanctions because they are lazy and prefer to free ride on the system of international payments put in place by Washington than to create one of their own, and they are brainwashed into believing in floating exchange rates that permit Western central banks and speculators to intervene against their currencies and drive down their values.
Essentially, the large dose of brainwashing that Washington delivered to the world since WW 2 has succeeded.