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, Luhansk, Kherson, Zaporizhzhia and Crimea. The primary economic lesson of the West's experiment with stern sanctions is that Russian workably competitive market driven wage, price, supply and distribution adjustment mechanisms are more efficient than

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and the prospect of far-reaching geopolitical repercussions added another black swan to the flock ( Deng 2022 ). There have been tensions between Russia and Ukraine for a long time, not least since the annexation of Crimea in 2014. In the Spring of

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efficiency in shaping the global economy. In the head of quite a few politicians, zero-sum games have been replacing the win-win ones. Furthermore, Russia's attack on Ukraine on February 24, 2022, with antecedents of the occupation of Crimea in 2014

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needed to gain popular support with an appeal to Russian ethno-nationalism, orthodoxy and imperial ambitions as it became obvious with the annexation of the Crimea and the proxy war in the Ukraine and other foreign policy adventures (including

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of Crimea add to the general picture of uncertainty. The form of kleptocracy run by the Russians to enrich the political inner circle is being gradually contested ( Dawisha 2014 ). But rather than a call for reform, there is an appeal to correct the

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