It may be very bad news for the Ukrainians but it’s still pretty bad for us and rest of Europe. Russians have obviously calculated that they can rely on the Chinese for high tech items while supplying gas and oil in return. For the Chinese this means their industries can power ahead while European goods and services become increasingly uncompetitive. Worse, the immediate neighbours of these two countries will have to decide whether to join economic forces with these two, go it alone or rely on the west. welcome to a new Cold War ! the stock markets around the world are already in turmoil and this will work itself into pensions and savings. Let’s hope for everyone’s sake that peace breaks out soon and things can get back to normal.