First pandemic. Then recession. Now, Russia invades Ukraine. Anything Else, World?

Western countries have imposed severe sanctions on Russia in an effort to cripple its economy and weaken its military effort. But the economic fallout could also have a major financial impact on people around the world — from the availability of food to the cost of energy and petrol.

The civilian-soldiers of the Territorial Defence all equip themselves at their own expenses. The old Kalashnikovs used for their training always remain at the base.

Russia’s invasion of Ukraine carries huge risks for a world economy that’s yet to fully recover from the pandemic shock. The pandemic has left the global economy with two key points of vulnerability — high inflation and jittery financial markets Which is why the headline for the Los Angeles Times is ssooo approprite, “First pandemic. Then recession. Now, Russia invades Ukraine. Anything Else, World?” The Russian-Ukraine conflict left the world economy vulnerable, a conflict that accelerates inflation, rattles markets, and portends trouble for everyone from Europe to the Americas…