Dr. Rasmus reviews the content and consequences of US/NATO imposed sanctions on Russia since the Ukraine war was launched in February. A brief history of US use of sanctions is followed by description of sanctions since February. The categories of sanctions: goods, financial, individuals. Why oil and gas sanctions have failed. The cost of sanctions to US/ Europe, and Russia. Countries involved. Relation between sanctions and accelerating inflation globally. Impacts on US economy, Europe’s, and emerging market economies worldwide. Biden’s tepid solutions to inflation and why they’re failing. What alternatives aren’t being discussed. Consequences of sanctions for restructuring of global capitalist economy and risks for US global economic empire.