Economic War: Ukraine and the Global Conflict between Russia and the West

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 penalize the Kremlin. Maximilian Hess's book explores how pipelines, mines, loans, and crypto-markets were weaponized in Russia's response to Western sanctions, setting the stage for Putin's all-out assault on Kyiv in February 2022. This conflict is over finance, energy, and capital markets, and will determine the future of liberalism and democracy and set a precedent for economic relations between the West and China.

Format: Hardback
Length: 280 pages
Publication date: 03 August 2023
Publisher: C Hurst & Co Publishers Ltd

The first invasion of Ukraine by Vladimir Putin in 2014 sparked a global economic clash as the West used its influence in international markets to deter and penalize the Kremlin. 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 groundbreaking book sheds light 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 pipelines, mines, loans, and crypto-markets were weaponized, setting the stage for Putin's all-out assault on Kyiv in February 2022, which turned financial, food, and fuel markets into bona fide battlefields, bringing the fight into everyone's home, from Pennsylvania to Pakistan.

Rather than a new Cold War, we are witnessing a conflict over finance, energy, and capital markets. The outcome of this economic warfare will determine the future of liberalism and democracy and set a precedent for economic relations between the West and China, as the two diverge into rival spheres of influence and power.

Weight: 634g
Dimension: 242 x 167 x 32 (mm)
ISBN-13: 9781787389564