Published by
The Bangkok Post
The Bangkok Post
It is a new kind of war — economic war. Western allies, led by the United States, United Kingdom and European Union, are imposing trade and financial restrictions on Russia’s economic activities. The aim is to freeze Russian assets abroad, paralyse financial transactions, obstruct cross-border trade flow, trigger high inflation and, most of all, provoke massive unemployment. In my view, there is little doubt the West will win this economic war against Russia in three to six months due to the huge difference in economic size. Russia might rank fourth in terms of military might, but its economy …