No Room for Economic Complacency regarding Ukraine-Russia War

By Frederik Paulus

May 2022 FEATURE
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ABOUT TWO MONTHS ago, Russia shocked the world by launching a full-scale invasion of Ukraine, causing horrible human suffering and destruction. In response, the European Union, the U.S. and others swiftly enacted wide-ranging economic sanctions against Russia, including previously unthinkable steps such as freezing the central bank's assets held abroad. This in turn caused somewhat of a financial and economic panic, and marked a new chapter in the “polycrisis” the world has been dealing with the last few years.While the...

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Frederik Paulus

is an economic policy analyst focusing on Malaysia and the region, with a lifelong fascination for global affairs. He was formerly a banker in London and Singapore.