Ukraine war: Putin has redrawn the world - but not the way he wanted
Long and pretty good article
one section:
Some China watchers believe Beijing will try to challenge the dominance of the dollar as a reserve currency by carving out a distinct yuan zone as an alternative space in the global economy that can be protected from any future attempt by the US to sanction China. Putin's war, therefore, could redraw the international financial map.
But above all, this is a war that pits the world's democracies against the world's authoritarian regimes.
It is also a war between two conflicting conceptions of the rules by which international relations should function.
The Oxford scholar Timothy Garton Ash says these two world views can be expressed in short form by two words - Helsinki versus Yalta.
At Yalta in 1945, Stalin, Roosevelt and Churchill carved post-war Europe into "spheres of influence" - most of Eastern Europe to Russia, the West to the trans-Atlantic alliance that would set about rebuilding Europe's democracies.
"Helsinki", by contrast, describes a Europe of independent sovereign states, each of which is free to choose its own alliances. This grew out of the Helsinki Final Act of 1975 and gradually evolved into the Organization for Security and Co-operation in Europe.
https://www.bbc.com/news/world-europe-60767454