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Date: Thu, 8 Dec 2022 18:39:20 +0000
To: Andrew Sterling <andrew@sterlingcal.com>
From: The Signal <newsletter@thesgnl.co>
Reply-To: The Signal <newsletter@thesgnl.co>
Subject: Revenants of the Soviet Union
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<div style=3D"margin: 0px 20px; max-width: 650px;">&nbsp;</div>

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e: all; font-size: 1px; color: #ffffff; line-height: 1px; max-height: 0px; =
max-width: 0px; opacity: 0; overflow: hidden;">
=09=09=09<p>How is Russia&rsquo;s war on Ukraine changing global politics? =
Tim Sayle on economics, ideology, and the specter of a new Cold War.</p>
=09=09=09</td>
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=09=09=09<div aria-labelledby=3D"mj-column-per-100" class=3D"mj-column-per-=
100 outlook-group-fix" style=3D"vertical-align:top;display:inline-block;dir=
ection:ltr;font-size:13px;text-align:left;width:100%;">
=09=09=09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pr=
esentation" width=3D"100%">
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"left" style=3D"word-break:break-word;font-si=
ze:0px;padding:0px;">
=09=09=09=09=09=09<div class=3D"text-default" style=3D"cursor:auto;color:#0=
00000;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Helvetica,san=
s-serif;font-size:16px;line-height: 24px;text-align:left;font-weight:400;">
=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;">How is Russia&=
rsquo;s war on Ukraine changing global politics? <strong>Tim Sayle</strong>=
 on economics, ideology, and the specter of a new Cold War.</div>
=09=09=09=09=09=09</div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>
=09=09=09</div>
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=09<tbody>
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0"><tr><td style=3D"vertical-align:top;width:650px;">
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=09=09=09=09=09=09<table align=3D"center" border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" role=3D"presentation" style=3D"border-collapse:collapse;bor=
der-spacing:0px;">
=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td style=3D"width:650px;"><a href=3D"https://c1=
9gz9zr.r.us-east-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47Qrwd=
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QaELp5_d8=3D84" target=3D"_blank"><img alt=3D"Pexels" height=3D"auto" src=
=3D"https://s3.amazonaws.com/revue/items/images/019/481/179/mail/SGNL-BANNE=
R-3-8-2.jpeg?1646760122" style=3D"border:none;border-radius:0;display:block=
;outline:none;text-decoration:none;width:100%;height:auto;" title=3D"Pexels=
" width=3D"650" /> </a></td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09</table>
=09=09=09=09=09=09</td>
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=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;padding-top:16px;">
=09=09=09=09=09=09<div style=3D"cursor:auto;color:#95989C;font-family:-appl=
e-system,BlinkMacSystemFont,'Segoe UI',Helvetica,sans-serif;font-weight: 40=
0;font-size:13px;line-height:21px;text-align:center;">Pexels</div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>
=09=09=09</div>
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0" width=3D"600" align=3D"center" style=3D"width:650px;">
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<div style=3D"margin: 0px 20px; max-width: 650px;">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" ro=
le=3D"presentation" style=3D"font-size:0px;width:100%;">
=09<tbody>
=09=09<tr>
=09=09=09<td class=3D"indented" style=3D"text-align:center;vertical-align:t=
op;direction:ltr;font-size:0px;padding:0px;padding-bottom:30px;padding-left=
:30px;padding-right:30px;"><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0"><tr><td style=3D"vertical-align:top;width:650px;">
<![endif]-->
=09=09=09<div aria-labelledby=3D"mj-column-per-100" class=3D"mj-column-per-=
100 outlook-group-fix" style=3D"vertical-align:top;display:inline-block;dir=
ection:ltr;font-size:13px;text-align:left;width:100%;">
=09=09=09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pr=
esentation" width=3D"100%">
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"left" style=3D"word-break:break-word;font-si=
ze:0px;padding:0px;">
=09=09=09=09=09=09<div class=3D"text-default" style=3D"cursor:auto;color:#0=
00000;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Helvetica,san=
s-serif;font-size:16px;line-height: 24px;text-align:left;font-weight:400;">
=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><em>(Originall=
y published 2022 | 03.08)</em></div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><br />
=09=09=09=09=09=09<strong>With the fall of the Berlin Wall in 1989</strong>=
, the United States was, for a time, the world&rsquo;s lone superpower. Its=
 invasion of Iraq 14 years later, in 2003, complicated that standing; the G=
reat Recession of 2008 complicated it further; and over the last decade, th=
e U.S. has been contending more and more actively with the challenges of a =
rising China. But after Russia invaded Ukraine, Washington and its historic=
ally closest allies in Europe found themselves faced once again with an imp=
lacable, nuclear-armed enemy in Moscow. The dynamic has seemed in some ways=
 like the Cold War&mdash;with Russia the top security threat, Europeans wor=
ried about an unpredictable Kremlin, and severed economic ties between the =
West and Moscow. But in the years since &rsquo;89, the global order has bee=
n transformed: Communism is dead, Germany is reunified, and the Western and=
 Eastern Blocs have scrambled. What&rsquo;s the war in Ukraine doing to thi=
s order?</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><br />
=09=09=09=09=09=09<strong>Tim Sayle</strong>&nbsp;is an assistant professor=
 of history at the University of Toronto, the director of the university&rs=
quo;s International Relations Program, and the author of&nbsp;<a href=3D"ht=
tps://c19gz9zr.r.us-east-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%=
2F47QrwdESMr6NDlbHE4k9mA%2Fv0Qedk892U22PiL8xneANWIw%2FhLwv9kBw5CTacxULAx1UN=
Q/1/010f0184f308efe1-31b8c9b3-f95d-412b-bdd7-041f17404171-000000/V-OOH25teS=
PBHseG_WZ9nMf50i8=3D84" style=3D"color:#333333;text-decoration:underline;" =
target=3D"_blank"><em>Enduring Alliance: A History of NATO and the Postwar =
Global Order</em></a>. In Sayle&rsquo;s view, the attack on Ukraine has fun=
damentally altered the relationship between the U.S. and Russia&mdash;start=
ing with the West&rsquo;s fast and thorough economic sanctions, and potenti=
ally leading to a new global economic structure. Though the new conflict is=
 in some ways reminiscent of the Cold War, Russia is in a substantially wea=
ker position today than the Soviet Union ever was. Putin&rsquo;s authoritar=
ian model won&rsquo;t attract many followers, as communism once did, but hi=
s government&rsquo;s growing cooperation with Beijing is something utterly =
unlike the Chinese-Soviet tensions of the pre-&rsquo;89 world&mdash;and cou=
ld complicate Washington&rsquo;s capacity to deal with threats from China n=
ow.</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;">&nbsp;</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;">&mdash;&mdash;=
&mdash;</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;">&nbsp;</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><strong>Michae=
l Bluhm</strong>: What has the war in Ukraine done to U.S.-Russian relation=
s?</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><br />
=09=09=09=09=09=09<strong>Tim Sayle</strong>: The implications have been en=
ormous&mdash;even bigger than I expected before the invasion. We&rsquo;re s=
eeing significant steps by the United States and its allies, not only to vo=
ice support for Ukraine but to take costly economic sanctions and actions a=
gainst Russia.</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><br />
=09=09=09=09=09=09The relationship between the U.S. and Russia has been dra=
matically changed&mdash;and I wouldn&rsquo;t have predicted how quickly and=
 substantially that has occurred. We&rsquo;re seeing major ruptures in the =
economic relationship. Diplomatic relations were already quite cool, but th=
ey&rsquo;ve significantly changed now. Also, the attitude of both the Ameri=
can government and the American people generally has changed&mdash;with man=
y, including news commentators, speaking out against Russian actions. It&rs=
quo;s drastic and profound.</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><br />
=09=09=09=09=09=09<strong>Bluhm</strong>: Where do you see the most consequ=
ential changes?</div>
=09=09=09=09=09=09</div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>
=09=09=09</div>
=09=09=09<!--[if mso | IE]>
</td></tr></table>
<![endif]--></td>
=09=09</tr>
=09</tbody>
</table>
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0" width=3D"600" align=3D"center" style=3D"width:650px;">
  <tr>
    <td style=3D"line-height:0px;font-size:0px;mso-line-height-rule:exactly=
;">
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<div style=3D"margin: 0px 20px; max-width: 650px;">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" ro=
le=3D"presentation" style=3D"font-size:0px;width:100%;">
=09<tbody>
=09=09<tr>
=09=09=09<td class=3D"indented" style=3D"text-align:center;vertical-align:t=
op;direction:ltr;font-size:0px;padding:0px;padding-bottom:30px;padding-left=
:30px;padding-right:30px;"><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0"><tr><td style=3D"vertical-align:top;width:650px;">
<![endif]-->
=09=09=09<div aria-labelledby=3D"mj-column-per-100" class=3D"mj-column-per-=
100 outlook-group-fix" style=3D"vertical-align:top;display:inline-block;dir=
ection:ltr;font-size:13px;text-align:left;width:100%;">
=09=09=09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pr=
esentation" width=3D"100%">
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;">
=09=09=09=09=09=09<table align=3D"center" border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" role=3D"presentation" style=3D"border-collapse:collapse;bor=
der-spacing:0px;">
=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td style=3D"width:650px;"><a href=3D"https://c1=
9gz9zr.r.us-east-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47Qrwd=
ESMr6NDlbHE4k9mA%2F02AW909G3dDLC763r97KEj1A%2FhLwv9kBw5CTacxULAx1UNQ/1/010f=
0184f308efe1-31b8c9b3-f95d-412b-bdd7-041f17404171-000000/OvkY4-nU0POIoAg88X=
dcucR-p44=3D84" target=3D"_blank"><img alt=3D"" height=3D"auto" src=3D"http=
s://s3.amazonaws.com/revue/items/images/019/481/782/mail/SGNL-HALO-5-3-2.jp=
g?1670366548" style=3D"border:none;border-radius:0;display:block;outline:no=
ne;text-decoration:none;width:100%;height:auto;" title=3D"" width=3D"650" /=
> </a></td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09</table>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;padding-top:16px;">
=09=09=09=09=09=09<div style=3D"cursor:auto;color:#95989C;font-family:-appl=
e-system,BlinkMacSystemFont,'Segoe UI',Helvetica,sans-serif;font-weight: 40=
0;font-size:13px;line-height:21px;text-align:center;">&nbsp;</div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>
=09=09=09</div>
=09=09=09<!--[if mso | IE]>
</td></tr></table>
<![endif]--></td>
=09=09</tr>
=09</tbody>
</table>
</div>
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</td></tr></table>
<![endif]--><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0" width=3D"600" align=3D"center" style=3D"width:650px;">
  <tr>
    <td style=3D"line-height:0px;font-size:0px;mso-line-height-rule:exactly=
;">
<![endif]-->

<div style=3D"margin: 0px 20px; max-width: 650px;">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" ro=
le=3D"presentation" style=3D"font-size:0px;width:100%;">
=09<tbody>
=09=09<tr>
=09=09=09<td class=3D"indented" style=3D"text-align:center;vertical-align:t=
op;direction:ltr;font-size:0px;padding:0px;padding-bottom:30px;padding-left=
:30px;padding-right:30px;"><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0"><tr><td style=3D"vertical-align:top;width:650px;">
<![endif]-->
=09=09=09<div aria-labelledby=3D"mj-column-per-100" class=3D"mj-column-per-=
100 outlook-group-fix" style=3D"vertical-align:top;display:inline-block;dir=
ection:ltr;font-size:13px;text-align:left;width:100%;">
=09=09=09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pr=
esentation" width=3D"100%">
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"left" style=3D"word-break:break-word;font-si=
ze:0px;padding:0px;">
=09=09=09=09=09=09<div class=3D"text-default" style=3D"cursor:auto;color:#0=
00000;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Helvetica,san=
s-serif;font-size:16px;line-height: 24px;text-align:left;font-weight:400;">
=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><strong>Sayle<=
/strong>: The most profound and significant element has been the economic r=
upture: sanctions, the rules governing relationships companies can have wit=
h Russia, and banking changes. These are far more than I and other analysts=
 expected, and they&rsquo;ve come into force much more quickly.</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><br />
=09=09=09=09=09=09This will have a significant effect on how the United Sta=
tes and its allies organize their economies and financial systems. It&rsquo=
;s leading to the total exclusion of Russia from significant markets, lendi=
ng bodies, and cutting off Russian commercial flight carriers from European=
 travel routes.</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><br />
=09=09=09=09=09=09This isn&rsquo;t just about the economic costs to Russian=
s; it is a total change in the way the world is doing business. This is goi=
ng to restructure economic relationships and energy relationships in Europe=
 and between Europe and North America.</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><br />
=09=09=09=09=09=09<strong>Bluhm</strong>: You mention that relations betwee=
n the U.S. and Russia were not warm even before the war. How would you comp=
are the new dynamic between the U.S. and Russia to the Cold War?</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><br />
=09=09=09=09=09=09<strong>Sayle</strong>: Before the war, I would have caut=
ioned against making comparisons to the Cold War. I would have said Russia =
is a different country than the Soviet Union in its size, strength, integra=
tion into the international economy, and allies. During the Cold War, the S=
oviet Union was part of an alliance&mdash;the Warsaw Pact&mdash;which inclu=
ded many countries that now belong to NATO.</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><br />
=09=09=09=09=09=09There are a few ways in which this is much more reminisce=
nt of the Cold War than I&rsquo;d expected. The first is that the United St=
ates, Canada, and the countries of Western, Central, and Eastern Europe bel=
ieve that Ukraine will affect the global security environment&mdash;and esp=
ecially European security. What&rsquo;s so surprising is the return to the =
number of players who believe they have a stake in this conflict.</div>
=09=09=09=09=09=09</div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>
=09=09=09</div>
=09=09=09<!--[if mso | IE]>
</td></tr></table>
<![endif]--></td>
=09=09</tr>
=09</tbody>
</table>
</div>
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</td></tr></table>
<![endif]--><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0" width=3D"600" align=3D"center" style=3D"width:650px;">
  <tr>
    <td style=3D"line-height:0px;font-size:0px;mso-line-height-rule:exactly=
;">
<![endif]-->

<div style=3D"margin: 0px 20px; max-width: 650px;">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" ro=
le=3D"presentation" style=3D"font-size:0px;width:100%;">
=09<tbody>
=09=09<tr>
=09=09=09<td class=3D"indented" style=3D"text-align:center;vertical-align:t=
op;direction:ltr;font-size:0px;padding:0px;padding-bottom:30px;padding-left=
:30px;padding-right:30px;"><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0"><tr><td style=3D"vertical-align:top;width:650px;">
<![endif]-->
=09=09=09<div aria-labelledby=3D"mj-column-per-100" class=3D"mj-column-per-=
100 outlook-group-fix" style=3D"vertical-align:top;display:inline-block;dir=
ection:ltr;font-size:13px;text-align:left;width:100%;">
=09=09=09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pr=
esentation" width=3D"100%">
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;">
=09=09=09=09=09=09<table align=3D"center" border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" role=3D"presentation" style=3D"border-collapse:collapse;bor=
der-spacing:0px;">
=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td style=3D"width:650px;"><a href=3D"https://c1=
9gz9zr.r.us-east-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47Qrwd=
ESMr6NDlbHE4k9mA%2F99Upl1FMi763EqzwZXWiogWg%2FhLwv9kBw5CTacxULAx1UNQ/2/010f=
0184f308efe1-31b8c9b3-f95d-412b-bdd7-041f17404171-000000/dWzd7VqIV61nOs0T2v=
dNRJc-_go=3D84" target=3D"_blank"><img alt=3D"Envato / The Signal" height=
=3D"auto" src=3D"https://s3.amazonaws.com/revue/items/images/019/481/556/ma=
il/VISUAL-WORKSPACE.092.jpg?1670365898" style=3D"border:none;border-radius:=
0;display:block;outline:none;text-decoration:none;width:100%;height:auto;" =
title=3D"Envato / The Signal" width=3D"650" /> </a></td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09</table>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;padding-top:16px;">
=09=09=09=09=09=09<div style=3D"cursor:auto;color:#95989C;font-family:-appl=
e-system,BlinkMacSystemFont,'Segoe UI',Helvetica,sans-serif;font-weight: 40=
0;font-size:13px;line-height:21px;text-align:center;">Envato / The Signal</=
div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>
=09=09=09</div>
=09=09=09<!--[if mso | IE]>
</td></tr></table>
<![endif]--></td>
=09=09</tr>
=09</tbody>
</table>
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<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0" width=3D"600" align=3D"center" style=3D"width:650px;">
  <tr>
    <td style=3D"line-height:0px;font-size:0px;mso-line-height-rule:exactly=
;">
<![endif]-->

<div style=3D"margin: 0px 20px; max-width: 650px;">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" ro=
le=3D"presentation" style=3D"font-size:0px;width:100%;">
=09<tbody>
=09=09<tr>
=09=09=09<td class=3D"indented" style=3D"text-align:center;vertical-align:t=
op;direction:ltr;font-size:0px;padding:0px;padding-bottom:30px;padding-left=
:30px;padding-right:30px;"><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0"><tr><td style=3D"vertical-align:top;width:650px;">
<![endif]-->
=09=09=09<div aria-labelledby=3D"mj-column-per-100" class=3D"mj-column-per-=
100 outlook-group-fix" style=3D"vertical-align:top;display:inline-block;dir=
ection:ltr;font-size:13px;text-align:left;width:100%;">
=09=09=09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pr=
esentation" width=3D"100%">
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"left" style=3D"word-break:break-word;font-si=
ze:0px;padding:0px;">
=09=09=09=09=09=09<div class=3D"text-default" style=3D"cursor:auto;color:#0=
00000;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Helvetica,san=
s-serif;font-size:16px;line-height: 24px;text-align:left;font-weight:400;">
=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><em>More from =
Tim Sayle</em>&nbsp;<em>at The Signal:</em></div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><br />
=09=09=09=09=09=09&ldquo;<strong>There&rsquo;s a similarity here with the C=
old War</strong>&nbsp;in that, then, the outcome of any single conflict, or=
 the movement of any state from one side to the other, was thought to be li=
ke a domino falling, a tipping point that could change the whole balance of=
 global affairs. This conflict is not only about the future of Ukraine. The=
 other striking resemblance is in the economic rupture. The Cold War wasn&r=
squo;t just a military balancing act; it was a competition between two diff=
erent economic systems that really did&mdash;at least for the first decades=
 of the era&mdash;operate in mutual isolation.&rdquo;</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><br />
=09=09=09=09=09=09&ldquo;<strong>Communism during the Cold War was exceptio=
nally attractive</strong>&nbsp;to developing states outside Europe, which c=
ould look to the major projects that the Soviet Union under Stalin had unde=
rtaken and hope that their countries, too, could modernize quickly on the S=
oviet model. The communist system was not sustainable and utterly failed, b=
ut it held a promise not only to other leaders but to other peoples. That&r=
squo;s totally different than authoritarianism. Today, the authoritarian mo=
del might be attractive to some leaders or people who want to be leaders, w=
ho see it as a way to gain power and enrich themselves. But I don&rsquo;t s=
ee people organizing into groups to make sure that their country becomes au=
thoritarian. It&rsquo;s not an attractive model.&rdquo;</div>

=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;"><br />
=09=09=09=09=09=09&ldquo;<strong>A nightmare scenario from Washington&rsquo=
;s perspective</strong>&nbsp;is if the Russians continue to fight for Ukrai=
ne and the Chinese begin to make moves against Taiwan. In the fall of 2021,=
 the potential war in the news was Chinese preparations for an attack on Ta=
iwan. The current Russian and Chinese willingness to work together multipli=
es the challenges facing Washington. The Russians have moved into Ukraine a=
fter dramatically reducing the number of troops on their eastern borders. T=
hat could only have happened with some guarantee that Russia was protected =
in the East&mdash;from China and by China.Now the Chinese have enormous opp=
ortunities to move in Asia, with the world focused on Ukraine. The close re=
lationship between the Russians and Chinese makes for an extraordinarily di=
fficult geopolitical scenario for Washington: Where does it put its time, e=
nergy, money, and military resources?&rdquo;</div>
=09=09=09=09=09=09</div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>
=09=09=09</div>
=09=09=09<!--[if mso | IE]>
</td></tr></table>
<![endif]--></td>
=09=09</tr>
=09</tbody>
</table>
</div>
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</td></tr></table>
<![endif]--><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0" width=3D"600" align=3D"center" style=3D"width:650px;">
  <tr>
    <td style=3D"line-height:0px;font-size:0px;mso-line-height-rule:exactly=
;">
<![endif]-->

<div style=3D"margin: 0px 20px; max-width: 650px;">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" ro=
le=3D"presentation" style=3D"font-size:0px;width:100%;">
=09<tbody>
=09=09<tr>
=09=09=09<td class=3D"indented" style=3D"text-align:center;vertical-align:t=
op;direction:ltr;font-size:0px;padding:0px;padding-bottom:30px;padding-left=
:30px;padding-right:30px;"><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0"><tr><td style=3D"vertical-align:top;width:650px;">
<![endif]-->
=09=09=09<div aria-labelledby=3D"mj-column-per-100" class=3D"mj-column-per-=
100 outlook-group-fix" style=3D"vertical-align:top;display:inline-block;dir=
ection:ltr;font-size:13px;text-align:left;width:100%;">
=09=09=09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pr=
esentation" width=3D"100%">
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;">
=09=09=09=09=09=09<table align=3D"center" border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" role=3D"presentation" style=3D"border-collapse:collapse;bor=
der-spacing:0px;">
=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td style=3D"width:650px;"><a href=3D"https://c1=
9gz9zr.r.us-east-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47Qrwd=
ESMr6NDlbHE4k9mA%2F99Upl1FMi763EqzwZXWiogWg%2FhLwv9kBw5CTacxULAx1UNQ/3/010f=
0184f308efe1-31b8c9b3-f95d-412b-bdd7-041f17404171-000000/zq85OpkTfelHbK9qjl=
EyFO90H20=3D84" target=3D"_blank"><img alt=3D"" height=3D"auto" src=3D"http=
s://s3.amazonaws.com/revue/items/images/019/481/185/mail/UPDATED_SUBSCRIBE_=
BUTTON.001.png?1646765159" style=3D"border:none;border-radius:0;display:blo=
ck;outline:none;text-decoration:none;width:100%;height:auto;" title=3D"" wi=
dth=3D"650" /> </a></td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09</table>
=09=09=09=09=09=09</td>
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=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;padding-top:16px;">
=09=09=09=09=09=09<div style=3D"cursor:auto;color:#95989C;font-family:-appl=
e-system,BlinkMacSystemFont,'Segoe UI',Helvetica,sans-serif;font-weight: 40=
0;font-size:13px;line-height:21px;text-align:center;">&nbsp;</div>
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=09=09=09=09</tbody>
=09=09=09</table>
=09=09=09</div>
=09=09=09<!--[if mso | IE]>
</td></tr></table>
<![endif]--></td>
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</td></tr></table>
<![endif]--><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
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<![endif]-->

<div style=3D"margin: 0px 20px; max-width: 650px;">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" ro=
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=09<tbody>
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op;direction:ltr;font-size:0px;padding:0px;padding-bottom:30px;padding-left=
:30px;padding-right:30px;"><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
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<![endif]-->
=09=09=09<div aria-labelledby=3D"mj-column-per-100" class=3D"mj-column-per-=
100 outlook-group-fix" style=3D"vertical-align:top;display:inline-block;dir=
ection:ltr;font-size:13px;text-align:left;width:100%;">
=09=09=09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pr=
esentation" width=3D"100%">
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=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;">
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llspacing=3D"0" role=3D"presentation" style=3D"border-collapse:collapse;bor=
der-spacing:0px;">
=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td style=3D"width:650px;"><img alt=3D"" height=
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il/SGNL-RULE-GOLD-1.png?1670364878" style=3D"border:none;border-radius:0;di=
splay:block;outline:none;text-decoration:none;width:100%;height:auto;" titl=
e=3D"" width=3D"650" /></td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09</table>
=09=09=09=09=09=09</td>
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=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;padding-top:16px;">
=09=09=09=09=09=09<div style=3D"cursor:auto;color:#95989C;font-family:-appl=
e-system,BlinkMacSystemFont,'Segoe UI',Helvetica,sans-serif;font-weight: 40=
0;font-size:13px;line-height:21px;text-align:center;">&nbsp;</div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>
=09=09=09</div>
=09=09=09<!--[if mso | IE]>
</td></tr></table>
<![endif]--></td>
=09=09</tr>
=09</tbody>
</table>
</div>
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</td></tr></table>
<![endif]--><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0" width=3D"600" align=3D"center" style=3D"width:650px;">
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;">
<![endif]-->

<div style=3D"margin: 0px 20px; max-width: 650px;">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" ro=
le=3D"presentation" style=3D"font-size:0px;width:100%;">
=09<tbody>
=09=09<tr>
=09=09=09<td class=3D"indented" style=3D"text-align:center;vertical-align:t=
op;direction:ltr;font-size:0px;padding:0px;padding-bottom:30px;padding-left=
:30px;padding-right:30px;"><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0"><tr><td style=3D"vertical-align:top;width:650px;">
<![endif]-->
=09=09=09<div aria-labelledby=3D"mj-column-per-100" class=3D"mj-column-per-=
100 outlook-group-fix" style=3D"vertical-align:top;display:inline-block;dir=
ection:ltr;font-size:13px;text-align:left;width:100%;">
=09=09=09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pr=
esentation" width=3D"100%">
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;">
=09=09=09=09=09=09<table align=3D"center" border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" role=3D"presentation" style=3D"border-collapse:collapse;bor=
der-spacing:0px;">
=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td style=3D"width:650px;"><a href=3D"https://c1=
9gz9zr.r.us-east-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47Qrwd=
ESMr6NDlbHE4k9mA%2F892wAoHduAuaRpqgwFqPFSMw%2FhLwv9kBw5CTacxULAx1UNQ/1/010f=
0184f308efe1-31b8c9b3-f95d-412b-bdd7-041f17404171-000000/924bcP9AjifRGaBFgK=
osBk9y5dM=3D84" target=3D"_blank"><img alt=3D"" height=3D"auto" src=3D"http=
s://s3.amazonaws.com/revue/items/images/019/481/366/mail/Screen_Shot_2022-0=
2-28_at_3.31.46_PM.png?1670365237" style=3D"border:none;border-radius:0;dis=
play:block;outline:none;text-decoration:none;width:100%;height:auto;" title=
=3D"" width=3D"650" /> </a></td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09</table>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;padding-top:16px;">
=09=09=09=09=09=09<div style=3D"cursor:auto;color:#95989C;font-family:-appl=
e-system,BlinkMacSystemFont,'Segoe UI',Helvetica,sans-serif;font-weight: 40=
0;font-size:13px;line-height:21px;text-align:center;">&nbsp;</div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>
=09=09=09</div>
=09=09=09<!--[if mso | IE]>
</td></tr></table>
<![endif]--></td>
=09=09</tr>
=09</tbody>
</table>
</div>
<!--[if mso | IE]>
</td></tr></table>
<![endif]--><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0" width=3D"600" align=3D"center" style=3D"width:650px;">
  <tr>
    <td style=3D"line-height:0px;font-size:0px;mso-line-height-rule:exactly=
;">
<![endif]-->

<div style=3D"margin: 0px 20px; max-width: 650px;">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" ro=
le=3D"presentation" style=3D"font-size:0px;width:100%;">
=09<tbody>
=09=09<tr>
=09=09=09<td class=3D"indented" style=3D"text-align:center;vertical-align:t=
op;direction:ltr;font-size:0px;padding:0px;padding-bottom:30px;padding-left=
:30px;padding-right:30px;"><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0"><tr><td style=3D"vertical-align:top;width:650px;">
<![endif]-->
=09=09=09<div aria-labelledby=3D"mj-column-per-100" class=3D"mj-column-per-=
100 outlook-group-fix" style=3D"vertical-align:top;display:inline-block;dir=
ection:ltr;font-size:13px;text-align:left;width:100%;">
=09=09=09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pr=
esentation" width=3D"100%">
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=09=09=09=09=09=09<td align=3D"left" style=3D"word-break:break-word;font-si=
ze:0px;padding:0px;">
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00000;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Helvetica,san=
s-serif;font-size:16px;line-height: 24px;text-align:left;font-weight:400;">
=09=09=09=09=09=09<div class=3D"revue-p" style=3D"margin:0;">Publishing in =
public beta since 2021,&nbsp;<a href=3D"https://c19gz9zr.r.us-east-2.awstra=
ck.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47QrwdESMr6NDlbHE4k9mA%2F9uitVI=
tgPVtVZ5APOrlr4Q%2FhLwv9kBw5CTacxULAx1UNQ/1/010f0184f308efe1-31b8c9b3-f95d-=
412b-bdd7-041f17404171-000000/LEwtjkmTW60J3-G_lRBHSLXgasY=3D84" style=3D"co=
lor:#333333;text-decoration:underline;" target=3D"_blank"><strong>The Signa=
l</strong></a>&nbsp;explores urgent questions in current events around the =
world. To support The Signal and for full access:</div>
=09=09=09=09=09=09</div>
=09=09=09=09=09=09</td>
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=09</tbody>
</table>
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</td></tr></table>
<![endif]--><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0" width=3D"600" align=3D"center" style=3D"width:650px;">
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    <td style=3D"line-height:0px;font-size:0px;mso-line-height-rule:exactly=
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<div style=3D"margin: 0px 20px; max-width: 650px;">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" ro=
le=3D"presentation" style=3D"font-size:0px;width:100%;">
=09<tbody>
=09=09<tr>
=09=09=09<td class=3D"indented" style=3D"text-align:center;vertical-align:t=
op;direction:ltr;font-size:0px;padding:0px;padding-bottom:30px;padding-left=
:30px;padding-right:30px;"><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0"><tr><td style=3D"vertical-align:top;width:650px;">
<![endif]-->
=09=09=09<div aria-labelledby=3D"mj-column-per-100" class=3D"mj-column-per-=
100 outlook-group-fix" style=3D"vertical-align:top;display:inline-block;dir=
ection:ltr;font-size:13px;text-align:left;width:100%;">
=09=09=09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pr=
esentation" width=3D"100%">
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;">
=09=09=09=09=09=09<table align=3D"center" border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" role=3D"presentation" style=3D"border-collapse:collapse;bor=
der-spacing:0px;">
=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td style=3D"width:650px;"><a href=3D"https://c1=
9gz9zr.r.us-east-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47Qrwd=
ESMr6NDlbHE4k9mA%2FvlsLQlH1FQR0hglogfDSnw%2FhLwv9kBw5CTacxULAx1UNQ/1/010f01=
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.png?1642197990" style=3D"border:none;border-radius:0;display:block;outline=
:none;text-decoration:none;width:100%;height:auto;" title=3D"" width=3D"650=
" /> </a></td>
=09=09=09=09=09=09=09=09</tr>
=09=09=09=09=09=09=09</tbody>
=09=09=09=09=09=09</table>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;padding-top:16px;">
=09=09=09=09=09=09<div style=3D"cursor:auto;color:#95989C;font-family:-appl=
e-system,BlinkMacSystemFont,'Segoe UI',Helvetica,sans-serif;font-weight: 40=
0;font-size:13px;line-height:21px;text-align:center;">&nbsp;</div>
=09=09=09=09=09=09</td>
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=09=09=09</div>
=09=09=09<!--[if mso | IE]>
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</table>
</div>
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</td></tr></table>
<![endif]--><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0" width=3D"600" align=3D"center" style=3D"width:650px;">
  <tr>
    <td style=3D"line-height:0px;font-size:0px;mso-line-height-rule:exactly=
;">
<![endif]-->

<div style=3D"margin: 0px 20px; max-width: 650px;">
<table align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" ro=
le=3D"presentation" style=3D"font-size:0px;width:100%;">
=09<tbody>
=09=09<tr>
=09=09=09<td class=3D"indented" style=3D"text-align:center;vertical-align:t=
op;direction:ltr;font-size:0px;padding:0px;padding-bottom:30px;padding-left=
:30px;padding-right:30px;"><!--[if mso | IE]>
<table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0"><tr><td style=3D"vertical-align:top;width:650px;">
<![endif]-->
=09=09=09<div aria-labelledby=3D"mj-column-per-100" class=3D"mj-column-per-=
100 outlook-group-fix" style=3D"vertical-align:top;display:inline-block;dir=
ection:ltr;font-size:13px;text-align:left;width:100%;">
=09=09=09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pr=
esentation" width=3D"100%">
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;">
=09=09=09=09=09=09<table align=3D"center" border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" role=3D"presentation" style=3D"border-collapse:collapse;bor=
der-spacing:0px;">
=09=09=09=09=09=09=09<tbody>
=09=09=09=09=09=09=09=09<tr>
=09=09=09=09=09=09=09=09=09<td style=3D"width:650px;"><a href=3D"https://c1=
9gz9zr.r.us-east-2.awstrack.me/L0/https:%2F%2Fsendy.thesgnl.co%2Fl%2F47Qrwd=
ESMr6NDlbHE4k9mA%2FkeThN9k1uxKMODDyKMe4kw%2FhLwv9kBw5CTacxULAx1UNQ/1/010f01=
84f308efe1-31b8c9b3-f95d-412b-bdd7-041f17404171-000000/VKXRKpataoaH95rEqsOz=
wNPlIh4=3D84" target=3D"_blank"><img alt=3D"" height=3D"auto" src=3D"https:=
//s3.amazonaws.com/revue/items/images/019/481/604/mail/GNGL_BLK_SHORT_GOLD_=
LINE.001.png?1670366031" style=3D"border:none;border-radius:0;display:block=
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h=3D"650" /> </a></td>
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=09=09=09=09=09=09<td align=3D"center" style=3D"word-break:break-word;font-=
size:0px;padding:0px;padding-top:16px;">
=09=09=09=09=09=09<div style=3D"cursor:auto;color:#95989C;font-family:-appl=
e-system,BlinkMacSystemFont,'Segoe UI',Helvetica,sans-serif;font-weight: 40=
0;font-size:13px;line-height:21px;text-align:center;">&nbsp;</div>
=09=09=09=09=09=09</td>
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=09=09=09<!--[if mso | IE]>
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<div style=3D"margin: 10px 10px; max-width: 650px;">
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<div class=3D"text-default" style=3D"cursor: auto; color: #000000; font-fam=
ily: -apple-system,BlinkMacSystemFont,'Segoe UI',Helvetica,sans-serif; font=
-size: 16px; line-height: 24px; text-align: left; font-weight: 400;">
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