Obvious and Probable // How Restrictions and Sanctions Cause Forced Creativity

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Any major crisis represents some balance between challenges and opportunities. It is too early to sum up the current conflict between Russia and Ukraine and the Western world in general, even for individual markets. But you can already see the creative power of total destabilization. A year ago, large-scale de-dollarization in the Russian Federation, bonds in yuan, tenge and dirhams as investment instruments, the use of cryptocurrencies in cross-border settlements sounded like something not only impossible, but generally unlikely. Sanctions and restrictions in just a few months have made them commonplace or a very realistic future.

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