Patience to develop a new framework for policy-making, patience to allow it to be understood, tested, used and refined, and patience to wait for results. Patience isn’t the first characteristic that one thinks of in the world of economic policy-making.
We have agreed on an unprecedented set of sanctions that hit their target hard, but also 1/2  BIS central bankers' speeches  have material costs to ourselves. We have shown that we are prepared to pay the price necessary to uphold the universal values of peace, freedom and prosperity.