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Cake day: June 22nd, 2023

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  • Embargo work when they’re applied by a big economy over a small one, like the US over Cuba or North Korea. But they’re not effective when the difference on its size isn’t that big, like in the case of Russia, that found alternative markets on China, India and could keep moving their gas and oil to Europe with intermediaries. Now, the US trying to play that game with China is absurd. Maybe in the 90s could have worked, but nowadays almost every country in the world have bigger financial ties with China that with the US.