Three major consequences of the Ukraine conflict
Wednesday 9 March 2022 – Vol.13 Ed.10.3
Commentary: Reserves freeze sends shivers through Moscow
By Shahin Vallée in Berlin
Europe’s reluctance to agree Swift-based sanctions free from exclusions has brought a far stronger policy response: freezing the assets of Russia’s central bank. The private financial system is therefore not fully isolated from the global payments system allowing at least energy-related transactions to be settled, but the...
https://allaboutshipping.co.uk/2022/03/09/three-major-consequences-of-the-ukraine-conflict/