Ukraine crisis over before it begins?

Wednesday 23 February 2022

As various hysterics, led by “Psycho” Morrison, fearmonger over Ukraine, I am wondering this morning if the crisis isn’t already past its peak.

Russia has invaded a small slide of Eastern Ukraine to “liberate” Russian-speaking peoples.

Russia-backed separatists currently control less than half of the Luhansk/Donetsk region. It’s not clear which areas have been recognised as independent:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.