Eugene Plotkin, a financial consultant for fintech startups, is passionate about financial technology. He is also the founder and CEO of Techwallet, a company that enhances financial literacy through education and revolutionary technologies. The Russian-born expatriate helps people apply technological solutions to understand the financial aspects of the business. He believes that Fintech has the potential to revolutionize the financial industry by introducing innovative solutions that facilitate efficient transactions.

Eugene Plotkin has been following the Russia-Ukraine conflict closely. Plotkin claims the Russian invasion is a proxy war between Russia and the West. The West has condemned Russian actions and supports Ukraine in terms of human support and weaponry. Russia has also accused NATO of supporting Ukraine. Russia has never been on good terms with NATO since Cold War, and thus the proxy war has created tension that increases the risk of a geopolitical rivalry that may put everyone at a big risk.

As the conflict escalates, US and Russia have imposed sanctions that hurt the relations between the two countries, creating an economic crisis. The West has imposed sanctions to weaken Russian economic power and ability to fight Ukraine. Eugene Plotkin claims that politicians developed the sanction policies implemented by the West to achieve economic goals. He also notes that policies with economic impact provide results opposite to what the West claims to achieve. The approach is an attempt to weaken Russia. For instance, the West has banned exports from Russia for valuable raw materials such as gas and oil. The ban has increased the value of these raw materials and prices for everyone. Gasoline prices continue to increase in the West.

Eugene Plotkin notes that Russians’ lives have not changed despite the ongoing war. The country heavily relies on internal economic activities, and thus Russians are experiencing a few shortages. Clothing stores are the most affected sector in Russia. Some clothing brands have been forced out of the market due to instability. Plotkin argues that NATO and US are not doing their best to reduce the impact of the conflict. He feels that policy changes in the West do not hurt Russia economically. Ukrainians face a severe shortage of essential goods due to an impasse in peace negotiations and escalating tensions.

Eugene Plotkin claims that the US is developing policies to punish Russia without evaluating all the implications. He feels that the West should implement a better strategy. Eugene Plotkin argues that Russia may suffer severe consequences if it cuts ties with all countries, including India and China. European countries may not support the policy change may create a shortage of raw materials and other items. Plotkin claims isolating Russia is not easy because the country is the greatest producer of raw materials worldwide. The policy changes in the US continue to hurt western economies without helping Ukraine. The current sanctions strategically pose a big challenge to the West while doing no harm to Russia’s economy. Introducing more sanctions and involving NATO may lead to World War III.