The war in Ukraine
The West has decided to give up big profits for the sake of some higher goals and face a galloping increase in energy prices, inflation and losses that will significantly affect the living standards of people in North America and the European Union. Russians, who in the last few decades have been getting used to the benefits of the Western consumer society, have been pushed into a life similar to that of the Soviet era. Vladimir Putin was right when he said that Western sanctions against Russia on this scale are equivalent to a declaration of war