Name him Vlad the Funding Impaler. Russian bonds have collapsed in worth since Vladimir Putin’s vicious invasion of Ukraine, and Russian shares nonetheless aren’t allowed to commerce for worry they’d reveal a monumental lack of wealth. A pointy decline within the nation’s GDP is sort of sure this yr, and all of it provides up to an enormous confiscatory warfare tax that Mr. Putin is imposing on the Russian folks. This raises the query of simply how lengthy he can maintain his expensive and damaging assault on Ukraine.
As for the U.S., whereas serving to Ukraine and thoroughly avoiding being drawn into warfare, coverage makers must also be ready for the day when it’s time to assist Russia peacefully navigate the post-Putin period.
