Maximilian Hess

Rus­sia avoid­ed sov­er­eign de­fault, but at a high cost.

By weapon­is­ing gas ex­ports, Putin is dig­ging the grave of Rus­sia’s econ­o­my.

There are ways to make sure Rus­sia pays for the dam­age it in­flicts on Ukraine and its econ­o­my.

We are not wit­ness­ing the dawn of a new post-dol­lar world.

Putin ap­pears to be work­ing to trans­form Rus­sia’s au­to­crat­ic mar­ket econ­o­my into an au­tar­kic com­mand one.

Sanc­tions failed to de­ter Putin from at­tack­ing Ukraine; can they now help fa­cil­i­tate peace?

If Putin does not change course – and fast – Rus­sia may find it­self in an eco­nom­ic cat­a­stro­phe akin to that of 1918.

Putin’s lat­est at­tack on Ukraine will be cost­ly for the West on mul­ti­ple fronts.