By the end of 2022, Germany will stop all Russian oil imports, and gradually halt natural gas imports too. This latest announcement by German Foreign Minister Annalena Baerbock carries a lurid message: in the post-Ukraine world order, politics is beginning to trump economics.
Nations will increasingly be pushed to make difficult economic choices based on their politics. Consequently, this will usher in a major refurbishing of the global order, particularly, its economy.
The world is likely to witness a prolonged phase of de-globalization, or re-globalization, that will challenge the existing interdependence determinant of globalization.
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Challenge of the China-Russia Axis in the Post-Ukraine World Order | JAPAN Forward
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