We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Russia’s invasion of Ukraine has created tremendous uncertainty for tens of millions of people, but there is one thing we can be sure of: Russia and the West are now at war. US and European officials will continue to say they want to avoid a direct military conflict between Nato and Russian fighters, but historically severe economic sanctions imposed on Russia, the Western supply of sophisticated and deadly weapons to Ukrainian fighters, and the US-European effort to isolate President Vladimir Putin’s regime over the longer term amount to a declaration of war. 

This is a turning-point moment for the world. Assuming Nato and the Russians are able to avoid direct military confrontation, and barring an increasingly-difficult-to-imagine climbdown by Putin, Russia and the West face a new Cold War. In many ways, this confrontation will be less dangerous than the 20st century version, but in other ways, there is much greater risk for all these countries and the entire global economy....

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now