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This Is What Sanctions Can Do to the Russian Economy
Odd Lots
Dollar Dominance
The biggest thing is that the fet can provide liquidity in a crisis. The benefit to being in the club, or being under the umbrella that can get the benefit of fed liquidity is pretty power. So much of a sanctions depend on kind of the concept of interdependence. If there were one messaging service and every bank depends on them, you could cut off these banks, and they would lose their connection through the globe economy.
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