We are headed into a new Cold War that will last decades. The days of globocorps marching into countries in every corner of the world and setting up shop as happened in the 90s-present are now seemingly over. The world will now move away from a trend towards globalisation to one of multipolarity and spheres of influence.

Russia has been caught out by these sanctions, but China looks to have prepared very well with much of its own sovereign digital and financial infrastructure.