Russia’s war in Ukraine today is a hot one, with thousands of casualties on both sides and the Ukrainians deploying missiles, tanks, and arms supplied by western countries, particularly the U.S. But one of the most far-reaching consequences of the war may be an early – and nonviolent – response from the G7 nations, when they unleashed the most stringent round of sanctions ever placed on a major economy, effectively kicking Russia off the U.S.-controlled financial system, seizing its foreign assets, and blacklisting imports of its oil.
Kevin Dugan, New York Magazine
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