Does the war have an impact? Yes, it sure has. Our economies are going to suffer from this and there will be some carnage. That being said, if our economies would have been healthy in the first place, this would matter much less. the true reason for our economic calamity is the 50 years of debt binge coupled with a population that looks to the state for help rather than help themselves. Entrepreneurial spirits are at an all-time low, at least in my life. This will not be over quickly. In a sense, the war has accelerated everything. And the faster it hits us, the faster we can deal with it.
The EU's sixth sanctions package on Russia, combined with existing plans, implies an end to over 90 percent of Russian oil sales to the EU by the end of 2022.