Inefficacy of Sanctions on Russia: A Luxury Car Loophole

This is a special edition of Multipolarity on  The Economic Consequences Of The War. 

In 1919, JM Keynes wrote The Economic Consequences of the Peace. Predicting the death of the old world order after Europe’s first unsuccessful attempt at suicide. 

We aren’t yet at peace, but the economic consequences of the present war in the middle of Europe are starting to come into view. 

Consequences for NATO as a new study shows that in order to meet their target of 2% of GDP, European Nato members will need to increase spending by €56 billion every year. 

For sanctions policy as Azerbaijan records a 2000 % spike in car sales from Britain. 

And for industry in The Coming Multipolar Age, as Chinese production leaves Western Production for dust. 

This week: we’re going to be moving through each in turn, to build up a composite picture of what tomorrow will look like, whatever the exact outcome of the Ukraine War. 

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