Russia’s invasion of Ukraine is being fought on two battlefields—the land Russia is tearing up with its tanks and missiles, and the political-economic landscape. The second is likely to bring by far the most hurt to Russia.
This article by Derek Thompson, writing for The Atlantic, makes the following points:
- While Russia holds the military advantage over Ukraine on the first battlefield, it is getting destroyed by a strong Western alliance on battlefield two.
- The United States and several major European countries have declared a series of financial sanctions against Russia that are without modern precedent for a major economy. These policies are triggering a financial catastrophe in Russia.
- Companies are boycotting Russia too. BP and Shell have announced plans to exit their joint ventures in major Russian energy companies. Some countries are now refusing to do business with Russia entirely.
- Russia has also been banned from hosting international sporting events.
Recent Runway Posts related to this topic:
RUNWAY POSTS REF RUSSIAN INVASION OF UKRAINE—Mar 2021 | The Runway (govcms.gov.au)
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