The End of Globalization?

The End of Globalization?

N Melo
by N Melo
April 8, 2022 0

The End of Globalization?
What Russia’s War in Ukraine Means for the World Economy

Over the last three weeks, the Russian economy has been overwhelmed by sanctions. Soon after the Kremlin invaded Ukraine, the West began seizing the assets of the wealthiest individuals close to Russian President Vladimir Putin, prohibited Russian flights in its airspace, and restricted the Russian economy’s access to imported technology.

The End of Globalization?
The End of Globalization?

Most dramatically, the United States and its allies froze the reserve assets of Russia’s central bank and cut Russia out of not just the SWIFT financial payments system, but of the basic institutions of international finance, including all foreign banks and the International Monetary Fund. As a result

N Melo
NM
Leave a Reply

Your email address will not be published.

Enable Notifications OK No thanks