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The rhetoric against Russia and the continued rhetoric about appeasement makes it all the more difficult to de-escalate. The public mood in NATO is to go maximalist and NATO's elected officials know that. It feels like a race of who can be the most provocative. Very scary times.

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Scary times indeed. Russia may see freezing of their accounts as a theft. I expect there is contractual language and freezing is not permitted. In their view, it could justify launching a missile at the Bundesbank.

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