The invasion drew the ire of the U.S. as the aggressor burnedthrough reserves to defend its currency before ultimately appealingto the International Monetary Fund (IMF).

It's not a blueprint for 21st century Russia, but the pathfollowed by the U.K. in 1956. It's not about Ukraine but the SuezCanal.

The history shows why Vladimir Putin won't—and can't—for nowpursue an obvious way out of Russia's financial straits: Then, asnow, the U.S. wielded a veto over IMF loans.

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