Economic War

Vladimir Putin’s first invasion of Ukraine, in 2014, set off a global economic clash, as the West used its clout with international markets to deter and penalise the Kremlin. The battlelines of this ‘war by other means’ traversed a series of deep economic connections, built up during Russia’s oil, gas and commodities boom: global equity and capital markets, and transnational kleptocracy. Maximilian Hess’s startling book lifts the lid on Russia’s response to Western sanctions, and the ensuing skirmishes in London’s courts, on Swiss trading desks and in boardrooms in New Delhi. He explores how…