Russia's invasion of Ukraine started by February of 2022, Global response to this war crime was heavy sanctions that paralyzed Russia's economy.
Russia's money and banking system banned from accessing global trading system SWIFT. Biggest capital flight of history happened and Big brands and companies exited from Russia's market.
Kremlin forced to use ordered economy and internet censorship for controlling social dissatisfaction.
Europe started heavy sanctions against Russia's oil and gas market and this costs to Russia very expensive. Russia's political leverage for returning back to the global community was an economic ally with China by introducing a new currency against US Dollar. The thing that act as a big threaten against free world economies.
Russia used Gas as a political leverage for returning back and international trade system between European countries, but Europe political decision to ban Russia's oil and gas made Russia's policy failed.
No comments:
Post a Comment