Europe's High Central Banker Paints Bleak Image

Russia’s struggle in Ukraine at this time is a scorching one, with 1000’s of casualties on either side and the Ukrainians deploying missiles, tanks, and arms equipped by western international locations, significantly the U.S. However some of the far-reaching penalties of the struggle could also be an early – and nonviolent – response from the G7 nations, after they unleashed probably the most stringent spherical of sanctions ever positioned on a serious economic system, successfully kicking Russia off the U.S.-controlled monetary system, seizing its international belongings, and blacklisting imports of its oil.