Russia's president has begun a war that many thought unthinkable. Ukraine and the West face a grim test: leader, page n. The consequences will reshape European security: briefing, page 19. Expect inflation, lower growth and disruption to financial markets, page 67. How the Biden administration is countering Russian disinformation on Ukraine: Lexington, page 32. China's balancing act, page 42. The implications of the Ukraine conflict for the Asia-Pacific region: Banyan, page41

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