Russia has decided to “dramatically” scale back its military activities in the Kyiv region, with Barclays facing a £450m loss after the US mistakenly issued financial products worth more than $15bn it licensed. In addition, Martin Wolf, chief economic commentator for the Financial Times, explained how the war in Ukraine has further disrupted the global economy.

Mentioned in this podcast:

Russia says it will ‘significantly reduce’ military activity around Kyiv

VXX conspiracy intensifies as Barclays loses £450m in structured notes

Putin’s war requires a coordinated global economic response

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