The US and the UK are pushing the continuation of the war while France and Germany want a negotiated solution sooner rather than later.
Turkey and Hungary are ignoring the sanctions against Russia. Turkey is scheduling its second buy of the Russian S-400 air defense system. NATO/EU solidarity is already cracking. As winter descends on Europe, the high price of energy will bite hard not only on the people, but also the economy. UK is already in a recession. Macron is placing price caps on energy.
Energy prices in Germany are going thru the roof. Germany is the engine of the European economy.
How long will the US consumer be willing to suffer the pain of the Ukraine War? Will Biden extend the million bbls a day from the SPR beyond September?
Most of the world is not participating in the sanctions against Russia. Our mindless declaration of economic war against Russia and a return to the Cold War have far-reaching consequences that will result in a global political realignment and the destruction of the dollar as the world's reserve currency. NB: For the first time in three years President Xi will leave China on a foreign trip. Destination: Saudi Arabia.
