Sanctions: Boomerang Effect
Changing the world economy
The sanctions imposed on Russia by Europe and the United States after the start of the special operation in Ukraine hit hard the most vulnerable population of Russia and created a significant shift in the world economy. It became apparent how tied to the West and other countries Russia has become. Any country planning a foreign policy free of American influence will have to think twice about holding their assets in foreign currency and foreign banks. Global settlement payments centred around the central bank system, built over decades, are now on the brink of destruction. Are we in for a new economic world order, and what is it going to look like?
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Published: 06 April 2022 19:05
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