If you don’t like puns, don’t worry: Experts say that the war in Ukraine could lead to an energy crisis that we haven’t seen in a long time. There are fears that Russia, one of the world’s biggest oil exporters, could stop producing oil. This has caused the price of oil to rise to the … Read more

Yesterday, Roman Abramovich said that he was going to sell Chelsea Football Club, the English soccer team he’s owned since 2003. Pressure from the West has forced Russia’s oligarchs to give up their most valuable assets, like Chelsea. Abramovich said that the money from the sale will go to “help all the people who have … Read more

President Biden gave his first State of the Union address in the middle of the biggest ground war in Europe since World War II, the highest U.S. inflation in 40 years, and a pandemic that has killed more than 950,000 people in the U.S. We don’t want to be his speechwriters. To deal with the … Read more

Last week, we talked about how the West is using its banking power to cut Russia out of the global financial system. But Russia is also being cut off in other ways, as well. A lot of people aren’t going to cultural events in the country because of its actions in Ukraine. As an example, … Read more

During the invasion of Ukraine, it became clear that modern warfare isn’t just drone attacks and cyber attacks. It also includes asset freezes, export controls, and sanctions on billionaires. This is because modern warfare isn’t just about drone attacks. High finance has become a major weapon in the West’s fight with Russia. Over the weekend, … Read more

Jill Lepore is a best-selling author, a history professor at Harvard, and the host of a podcast called Elon Musk: The Evening Rocket, which looks at the life of the richest person on the planet and the type of moguldom he represents, which she calls “Muskism.” She also writes for the New Yorker. What is … Read more

Russian banks and businesses have been freed from heavy sanctions after Russia invaded Ukraine. President Vladimir Putin himself has also been freed from sanctions. It’s been called the “nuclear option,” but they haven’t done it yet. They haven’t banned Russia from using SWIFT, which is what’s called that. SWIFT is a bank. Belgium’s Society for … Read more