"Allowing politicians to blame Putin, corporations, shipping firms, billionaires, insufficient taxation, 'greed,' or other tired scapegoats is erroneous and misleading."

"Barry Eichengreen argues that the war in Ukraine means policymakers have very little control over whether growth continues."

"Europe News: Western sanctions so far have targeted Russian banks and companies but spared oil and gas payments -- a US concession to keep European allies on board"

>"The Russian leader has stabilized the ruble and kept Europe’s leaders guessing by threatening to cut off energy. But he has left the country financially isolated."

"Nouriel Roubini & Brunello Rosa think today's geopolitical and macroeconomic conditions may rule out an optimal solution."

"How to punish the aggressor and support Ukraine while minimizing unintended damage."

"The problem for Putin’s regime is political rather than financial – that’s why this would be no ordinary default. "

“Events in Ukraine and Russia will, in particular, impose serious costs on the world economy. The question is, how serious?”

Russians lived for 73 years under brutal Soviet rule. _...Read More_

>"Any financial lifeline that Beijing can offer Moscow involves taking on risk and won’t have the power to reverse the damage of sanctions imposed by the United States and its allies."

"How Beijing manages its relations with Moscow will help define it as a great power."

"Moscow’s war on Ukraine and the ferocious financial backlash it’s unleashed are not only inflicting an economic catastrophe on President Vladimir Putin’s Russia"

"If this conflict is a new cold war, it’s one that the autocracies have been pursuing energetically and the democracies have been loath to accept."

"Inflation and higher energy bills could lead to sharpest fall in UK living standards since 1956"