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→Global impact
==Global impact==
==Global impact==
European Union and American sanctions that banned shipping and their insurance companies from transporting Russian exports of energy and food had a devastating impact on the economy of people living in Africa, Latin America and Asia.
European Union and American sanctions that banned shipping and their insurance companies from transporting Russian exports of energy and food had a devastating impact on the economy of people living in Africa, Latin America and Asia.
===Emerging multipolar world===
* The emerging [[multipolar]] world order will be slow and painful due to America’s aggressive opposition to this trend.
* Despite [[the West]] making a mockery out of the [[UN]] with their illegal sanctions that were promulgated outside of that global body’s [[Security Council]], it nevertheless retains a central role in [[International Relations]] since it’s the only structure that can help balance and stabilize affairs across the world.
* De-dollarization is irreversible but will also take time to fully unfold. The US seizure of Russia’s foreign assets destroyed everyone’s faith in the dollar.
* The West’s economic warfare failed to catalyze Russia’s collapse.
===Ukraine===
===Ukraine===