Putin

Wednesday

Martin Vander Weyer

At least BP and Shell tried to teach Russia true capitalism

From our UK edition

BP will offload the 20 per cent stake in Rosneft, the Kremlin-controlled energy giant, that is the residue of 25 years’ effort to teach true capitalism in Russia. Shell is ditching a deal with Gazprom, the other state oil and gas major, that includes participation in the stalled Nord Stream 2 gas pipeline to Europe and an LNG project at Sakhalin in the Russian far east. Western companies in many other sectors will abandon their footholds in Putin’s empire in the coming days. Russia’s one-generation dalliance with the western way of business – as opposed to lawless homegrown kleptocracy – is over. But just because Rosneft pays handsome dividends, let’s not vilify BP (or Shell) for trying.

Isabel Hardman

No-fly zones won’t work, but what about aid to Ukraine?

From our UK edition

Vladimir Putin's forces are encircling the cities of Kharkiv, Kherson and Mariupol, and a 40 mile-long convoy of Russian armoured vehicles is north of Kiev on the seventh day of fighting in Ukraine. The coming days are likely to see greater barbarity from the Russian President after he failed to get his way in the first few days of the invasion. Those days are also likely to stretch into weeks as Putin lays siege to these cities until they are his. The debate about what the West should be doing to needs to widen out So far the political debate in the West has been dominated by a noisy argument about a no-fly zone: something all leaders have repeatedly ruled out on the grounds that it would lead to direct combat between Nato and Russia.

Tuesday

Isabel Hardman

Boris rules out a no-fly zone over Ukraine

From our UK edition

What can the UK do to ensure that Vladimir Putin fails in Ukraine? The Prime Minister has just given a press conference in Poland with his counterpart Mateusz Morawiecki where he repeated his assertion that 'Putin will fail' and that the West 'will succeed in protecting and preserving a sovereign, independent and democratic Ukraine'. The Russian president, he said, had underestimated the resolve of Ukraine and its allies.

Monday

Isabel Hardman

Liz Truss is having a good war

From our UK edition

Liz Truss gave a striking statement in the Commons this afternoon on the action the government was taking to respond to the Russian invasion of Ukraine. It contrasted to the approach taken by some of her colleagues, because it contained a number of admissions about the impact of this action. For the first time, the Foreign Secretary stated that Britain would 'have to undergo some economic hardship as a result of our sanctions'. This has been implicit over the past few days, but Truss was the first to say it clearly. She added that 'our hardships are nothing compared to those endured by the people of Ukraine', and also warned that the war could last months or years.

James Forsyth

‘Staying Switzerland’ on Ukraine is impossible

From our UK edition

The striking thing about the financial sanctions on Russia is not their severity, but just how many countries are joining in the effort. Switzerland has today announced that it will adopt the EU sanctions on Russia, particularly significant because it has been the biggest recipient of private transfers by Russians in recent years. The fact that such a traditionally neutral country is imposing sanctions will deepen the wedge between Putin and the rest of the ruling elite. Meanwhile in Asia, Japan, South Korea and Singapore have signed on to the economic measures on Russia.

Thomas Lorman

Viktor Orbán has played a perfect game with Putin

From our UK edition

On 3 April Hungarians will have their ninth set of free parliamentary elections since the collapse of the communist dictatorship in 1989. The winner is likely to be Viktor Orbán and his Fidesz-KDNP coalition, which is leading in five of the six major polls. Russia’s invasion of Ukraine will not change that dynamic even though the opposition leader, Péter Márki-Zay has called Orbán a ‘traitor’ for his long-standing friendship with Vladimir Putin. Ever since Viktor Orbán began his second stint as Hungary’s prime minister in 2010, he has repeatedly played the provocateur within the EU, tweaking the eurocrats’ noses with his cultural conservatism and hostility to mass immigration.

vlad invader empire
Tim Ogden

How to turn the tide against Russia

The abrupt eruption of the worst military conflict in Europe since World War Two has naturally left the world in a state of shock, perhaps only comparable in living memory to that felt on 9/11. But as responses are considered and argued over, there will be more blows to come — as well as recriminations over how this could have been avoided. Naturally, much depends on which side emerges victorious, and at the time of writing the end result has yet to be determined. Certainly any assumption that the might of Russia's military machine would roll into Ukraine and quickly overwhelm the defenders has been categorically proven wrong; Russia's Blitzkrieg-style offensive failed to achieve its first-day objectives in the face of fierce Ukrainian defense.

Sam Leith

Has Putin resurrected the West?

From our UK edition

I think Putin will have been surprised. I mean: I was surprised. Weren’t you? Not, necessarily, that Ukraine should have been resisting as valiantly as it is; nor even that Russia’s supposedly unstoppable war machine should have found itself out of petrol on a chilly highway from which the road signs have been removed. But surprised by the sheer force and volume and unanimity of the international cry of: no, this will not stand. That is one thing, even amid the unspeakable human cost of the war in Ukraine, to feel encouraged by. If this invasion does, as many have said, mark the beginning of a new order in European security and great power politics, isn’t it a sign that it could be a stronger, better, less complacent one?

Sunday

Mark Galeotti

War in Ukraine has divided Putin’s court

From our UK edition

It is striking how little enthusiasm there is in Russia for Vladimir Putin’s war in Ukraine – but for some, it has become an opportunity to steal a march and curry favour with the boss. Thousands of Russians have been out on the streets protesting against the conflict, despite the heavy-handed and unstinting response of the security forces. Journalists and experts, sports stars and cultural icons have been making their opposition clear as well. Even those within the system, including senior diplomats and businesspeople, aren’t trying to hide how far they were blindsided by Putin’s decision to invade, and how little they appreciated it.

Saturday

James Forsyth

A new Europe is emerging from this crisis

From our UK edition

With every hour that Kiev holds out, the geopolitics of Europe changes more. Germany, which so values its prohibition on sending weapons into warzones, has just announced that it is sending 1,000 anti-tank weapons and 500 Stinger missiles to support the Ukrainian forces. I expect that defence spending will rise considerably in the coming years Germany is also allowing other Nato members to export arms with German-made parts to Ukraine — which will make a material difference to the supplies that the Ukrainian government receives. Yesterday evening, it was announced that Russian banks are going to be cut off from Swift.

Friday

Mary Dejevsky

Are Russians turning against Putin?

From our UK edition

One of the reasons why I judged — wrongly — that Vladimir Putin would not order an all-out invasion of Ukraine was the likelihood of a protracted war. But another was the possibility of popular protest in Russia, which could have potentially destabilising effects on the Kremlin. After sporadic protests in the hours immediately after the invasion, all of them ending in arrests or dispersal by police — citing Covid restrictions — Thursday evening sprang a surprise. Young people came out in their hundreds with homemade placards saying 'nyet voine', no to war, not just in Moscow and St Petersburg, where political engagement tends to be higher, but in nearly 50 towns and cities across Russia. https://twitter.com/ragipsoylu/status/1496905869983768581?

James Forsyth

To hurt Putin, go for oil and gas – not Swift

From our UK edition

Both the British and the Americans have been explicit that it is the Europeans who are blocking Russia being cut from Swift. Removing Russia would be a sound step, but it is far less important than a western agreement not to buy Russian oil and gas would be. Sadly, though, there is little chance of this happening — too many countries are dependent on Russian gas — which means $700 million a day will continue to flow into Moscow, strengthening the Kremlin’s belief that it can ride out whatever sanctions are imposed on it. Depressing as this may be, there are things the UK can do using domestic law that would inflict pain on the Putin circle.

Ross Clark

Will the West shut Russia out of Swift?

From our UK edition

You may never have heard of the Society for Worldwide Interbank Financial Telecommunications — or at least not by its full name. Even if you had you may have mistaken it for a fairly inconsequential trade body that holds rather dull conferences in hotel function rooms in places like Frankfurt.  Yet it finds itself at the centre of the West’s response against Vladimir Putin. Swift, as it is otherwise known, is the system by which banks communicate in order to undertake cross-border financial transactions. This morning the Ukrainian foreign minister pleaded with the West to cut off Russia from the system. Britain would like to do just that, as would some of the smaller EU states.

James W. Carden

Putin’s path to war in three speeches

With regard to the illegal war being waged by Russia against Ukraine, no one has any right to be surprised. For all the understandable and justifiable outrage over Russian president Vladimir Putin’s decision to abandon diplomacy and launch what appears to be an unprovoked act of aggression, a look at prior statements by Mr. Putin shows that, with the passage of time, patience and rationality gave way to irrationally, paranoia and ultimately the decision to launch an armed conflict. Any proper accounting of the history of the downturn in US-Russia relations must include Putin’s 2007 address to the Munich Security Conference. To many, this was a kind of point of no return, with Putin putting the US and its European allies on notice: there are red lines not to be crossed.

Thursday

James Forsyth

Boris Johnson needs even tougher sanctions to deter Putin

From our UK edition

Boris Johnson has just outlined a series of further sanctions on Russia. They are considerably more substantial than the ones he announced earlier this week. They exclude Russian banks from the UK financial system, bar Russian firms from raising capital in London and will see the UK join the US’s technology sanctions on Russia. However, Russia will not be cut off from the Swift payments system — it is clear that the UK has, sadly, lost the argument on that for now. This does raise the question of what, if not the unprovoked invasion of a sovereign country, would be enough to lead to Russia being cut off from Swift.

Ross Clark

The Ukraine invasion is good news for Wall Street

From our UK edition

Don’t be fooled by the pictures that will shortly start to emerge of traders apparently tearing their hair out against of backdrop of red screens. A proper crisis is exactly what Wall Street traders want — to provoke yet another stimulus package, as well as the cancellation of interest rate rises. In the Alice in Wonderland world of bubblenomics, bad news is good, and good news is bad. If we have good economic figures, there is a danger that the Fed, the Bank of England and other central banks will take away the punch bowl. On the other hand, all we need is a sudden crisis that gives the impression, however briefly, that the world is coming to an end — and back will come the bowl, with an even stronger mix than before.

Boris Johnson

Read: The Prime Minister’s address to the nation as Russia invades Ukraine

From our UK edition

Shortly after 4 o’clock this morning I spoke to President Zelensky of Ukraine to offer the continued support of the UK, because our worst fears have now come true and all our warnings have proved tragically accurate President Putin of Russia has unleashed war in our European continent. He has attacked a friendly country without any provocation and without any credible excuse. Innumerable missiles and bombs have been raining down on an entirely innocent population. A vast invasion is underway — by land, by sea, and by air. And this is not, in the infamous phrase, some faraway country of which we know little. We have Ukrainian friends in this country; neighbours, co-workers.

Katy Balls

Boris Johnson promises more sanctions

From our UK edition

Following Vladimir Putin's decision to launch a full-scale invasion of Ukraine, Boris Johnson has addressed the nation. Speaking from 10 Downing Street, the Prime Minister spoke of his regret that 'our worst fears have now come true' and Russia had 'unleashed war in our European continent'. Johnson said he had spoken with the Ukrainian president to reiterate the UK's ongoing support. A vast invasion is underway — by land, by sea, and by air. And this is not, in the infamous phrase, some faraway country of which we know little. We have Ukrainian friends in this country; neighbours, co-workers: Ukraine is a country that for decades has enjoyed freedom and democracy and the right to choose its own destiny.

James Forsyth

Two reasons Putin thinks he can weather sanctions

From our UK edition

The nature of the Russian attack on Ukraine, striking across the country and not just concentrating on the territory claimed by the so-called breakaway republics, shows Vladimir Putin’s confidence that he can weather whatever sanctions the West imposes. This is not an assault designed to sit in any kind of grey area, but an unambiguous invasion — which the West has always made clear would bring forth the maximum set of sanctions. This is not an assault designed to sit in any kind of grey area Putin’s confidence is driven by two things. First, as I say in the magazine this week, Russia has been preparing to face expanded sanctions since the annexation of Crimea in 2014.

Niall Ferguson

Vlad the Invader: Putin is looking to rebuild Russia’s empire

From our UK edition

‘War’, in Prussian military theorist Carl von Clausewitz’s most famous dictum, ‘is nothing but a continuation of politics with the admixture of other means.’ A generation of Democrats — the American variety, but also European Christian and Social Democrats — have sought to ignore that truth. Appalled by the violence of war, they have vainly searched for alternatives to waging it. When Vladimir Putin ordered the annexation of Crimea in 2014, Barack Obama responded with economic sanctions. When Putin intervened in the Syrian civil war, they tried indignant speeches. When it became clear that Putin intended a further and larger military incursion into Ukraine, Joe Biden and his national security team opted for sanctions once again.