Russia Lifts Suspension on Imports of Ecuadorian Bananas After Collapse of US-Ecuador Arms Deal | naked capitalism
Russia Lifts Suspension on Imports of Ecuadorian Bananas After Collapse of US-Ecuador Arms Deal | naked capitalism
www.nakedcapitalism.com Russia Lifts Suspension on Imports of Ecuadorian Bananas After Collapse of US-Ecuador Arms Deal | naked capitalism
This could be another embarrassing setback for US foreign policy, this time in its so-called "back yard" (or as Biden calls it, "front yard").
This situation shows that the US does not have the economic power it used to have, Russian sanctions over banana imports were enough to sway Ecuador away from the arms deal. Overall it's a pretty funny situation where both Ecuador and the US look very silly.
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