Watch Western Sanctions On Russia Boomerang: A Global Energy And Food Crisis In The Making

Watch Western Sanctions On Russia Boomerang: A Global Energy And Food Crisis In The Making

Russia's outgoing President Dmitry Medvedev (R) and his successor Vladimir Putin (L) watch a parade ... [+] of the Presidential regiment honour guard at the Ivanovskaya Square in Moscow's Kremlin, on May 7, 2012. Putin took his oath of office today to become Russia's president for a historic third mandate at a glittering ceremony inside the Kremlin. AFP PHOTO/ RIA-NOVOSTI/ KREMLIN POOL/ DMITRY ASTAKHOV (Photo credit should read DMITRY ASTAKHOV/AFP/GettyImages) We live in "interesting times" as the Chinese curse would have it: "Russia's war against Ukraine could spiral into the world's worst energy crisis since the 1970s, a top economic historian says", Business Insider, March 4th "Forty-Nine Million People in 43 Countries One Step Away from Famine, Secretary-General Warns in Briefing to Security Council on Conflict, Food Security", United Nations, May 19th In the aftermath of the Russia invasion of Ukraine on 24th February, the U. S., U. K. and the European Union along with their closest allies imposed the most comprehensive and unprecedented economic attack on a sovereign nation in recent history. The Western alliance expropriated half of the Russian Central Bank's foreign exchange reserves held offshore – which had totalled some $650 billion — and blocked key Russian