‘This Is a Man Who, When Backed Into the Corner, Raises the Stakes’
FP columnist Adam Tooze on Russian President Vladimir Putin, Ukraine, and the West’s economic war against Russia.
The West’s sanctions against Russia over its invasion of Ukraine are already leading to a crash in the Russian ruble that will affect the country for years to come. Those measures, specifically against the central bank, make it impossible for Russia to access the foreign currency reserves it had built up over the years.
Cameron Abadi is a deputy editor at Foreign Policy. Twitter: @CameronAbadi
Read More
Forget Oil. Putin’s War Is Wrecking the Wheat Market.
Vulnerable countries, especially in the Middle East, rely on grain imports that are now under threat. It’s a recipe for disaster.
America’s Sanctions on Russia Are Not a Slam Dunk
Why the West’s economic response is entirely unprecedented—and the effects are impossible to fully predict.
The Unintended Consequences of Seizing Russian Assets
Using Russian money for Ukraine reconstruction seems attractive but has major implications.
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