There was panic and confusion yesterday as investors scrambled to assess whether Russia’s invasion and Biden’s sanctions would trigger an economic crisis.
After forcing Germany to kill the planned Nord Stream 2 gas pipeline, President Biden announced he’s not including restrictions on Russia’s global energy exports, including those to the US. He also won’t block Russia from the SWIFT global financial system through which they receive payments for their exported gas. — Boston Globe
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What's the endgame here? Will Putin and Zelenskyy cut a deal? Ukraine neutrality (no NATO membership) in exchange for Russian withdrawal?