The Russian invasion of Ukraine started on 24 February 2022. Since then, several thousand combatants from both sides and more than 500 Ukrainian civilians have died, bombs have ruined many cities, and more than two million Ukrainians, half of them children, left the country to become refugees. And the sweeping sanctions the West imposed on Russia in response not only devastated the Russian and Ukrainian economies but also brought the world to the brink of a deep global inflationary recession, worsening the economic hardship of the poor around the globe. Writing a cold-blooded analysis of the sanctions in the midst of witnessing this tragedy, one of the greatest in recent history, feels awkward. Nevertheless, here it is.
From Chernobyl town – left over from earlier disaster