Excluding Russia from the global financial infrastructure promises to create stress for the rest of the world
From the safety of New York, the most likely option still appears that Russia gains “victory” in the sense of taking Kyiv and deposing President Volodymyr Zelinskiy, but only at massive cost, and then must deal with a persistent insurgency.
Disturbingly, if that is the outcome, it’s hard to see how any of the western countries and companies that have imposed sanctions could justify lifting them. It’s a situation that directly implies a drawn-out economic cold war.
John Authers 14 March 2022
Russian sanctions. The world should remember the Shakespearean revenge on Lehman Brothers
https://englundmacro.blogspot.com/2022/03/russian-sanctions-world-should-remember.html
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