‘Weapons, weapons, weapons’ was Ukrainian foreign minister Dmytro Kuleba’s one demand of Nato, after warnings that Russia is preparing an offensive in the Donbas region. (free to read)
https://on.ft.com/3ug0gQU
The EU imports about 30% of its oil and 40% of its gas from Russia, paying Moscow roughly $850mn a day. Weaning Europe off Russian oil would be challenging. Getting rid of Russian gas would be even harder.
https://on.ft.com/3v1s36H
Will there be a backlash against the US dollar? Sanctions freezing Russia’s foreign currency reserves have created an incentive for countries to bypass the US currency, and risk splitting the global financial system into rival blocks that could leave everyone worse off. (free to read)
https://on.ft.com/3Km6STt
