Had the honour of moderating a knowledgeable panel on the Ukraine Crisis and Lessons for India during the CASA webinar on 13 Mar22. The panel was very good and the Q&A session was interesting.
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Does Russia depend on imports for any non-luxury/essential items ? If not, the sanctions will not have the kind of impact that Mr.Pant thinks it will. In any case, it's better for the world to adopt some thing like bitcoin, which is not beholden to any country, as the global reserve currency. This will remove all incentives to provoke war to preserve reserve currency status and remove the means of financial coercion by any one party.
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