George Soros has stated that Russia's invasion of Ukraine and its forming alliance with China may have devastating results for the world.
Writing on Project Syndicate, Soros said that following the backing of Chinese President Xi Jinping:
"Putin set about realizing his life's dream with incredible brutality."
He added:
"Having developed an idée fixe, he appears to have lost touch with reality."
The hedge fund legend also noted that Putin was mistaken in thinking Russian-speaking Ukrainians would welcome the invasion.
Regarding the Russian military's underperformance in Ukraine, Soros said:
"Putin seems to have gone literally mad. He appears to be acting without any constraint. He is throwing the entire Russian army into the battle and ignoring all the rules of war, not least by indiscriminately bombing the civilian population."
Finally, Soron noted:
"We can only hope that Putin and Xi will be removed from power before they can destroy our civilization. Russia's invasion of Ukraine on Feb. 24 was the beginning of a third world war..."
[Based on reporting by: TheStreet]
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