We’ve been given early warnings of the damaging chain reaction we can expect in the tit-for-tat of international economic retaliation should Russia re-invade Ukraine.
The U.S. promises a swift retort: crippling sanctions on Russian banks, energy firms, oligarchs, and even family members of Kremlin insiders. A Russian counter-response is anticipated: American politicians warn about the possibility of cyberattacks and higher gas prices.
Europeans are particularly vulnerable as they depend on fuel from Russia to heat their homes, and any supply disruptions could worsen already-high gas and oil prices.
The cyberattacks may already have begun; Ukraine blames Russia for hacks that have knocked its defence ministry
