![]() ![]() In addition to protests in dozens of cities and at Russian embassies worldwide, outrage from prominent Russian sports stars and celebrities, now officials and other advisers are speaking out. Russian propaganda tools have been shut down across Europe: Television networks RT and Sputnik have been erased from EU airwaves and their ability to operate and profit on social platforms restricted. The Russian Central Bank is scrambling to limit the disaster - it doubled its key interest rate from 9.5 percent to 20 percent - but it can no longer access its foreign currency reserves to offset the shock.Īustralia’s sovereign wealth fund said it would wind down its Russian assets, and Australia’s richest man, Andrew Forrest, will end hydrogen exploration in Russia. It is now worth one-third of what it was worth 10 years ago. The ruble is in free fall - falling more than 40 percent in early Monday trading. “It's a kind of financial nuclear bomb that falls on Russia", said Sergei Aleksashenko, a former deputy director of Russia’s central bank. This strategic play has unknown risks to the West, but much graver known risks for Putin. 4 - abstained and did not back Moscow at the U.N. China - supposedly in a “no limits partnership” with Russia sealed Feb. Putin’s staunchest European allies abandoned him, from Czech President Miloš Zeman to Hungary’s Viktor Orbán to French nationalist leader Marine Le Pen. He’s achieved little in military terms in Ukraine and is shedding allies everywhere. The Supreme Court will hear its biggest ever climate change case: which has the potential to “restrict or even eliminate the Environmental Protection Agency’s authority to control the pollution that is heating the planet.” Intergovernmental Panel on Climate Change scientists have released their latest climate report, and it’s more bad news. General Assembly will convene for an emergency session, for only the 10th time, to debate Russia’s Ukraine war. Subscribe to London Playbook today for free. Prime Minister? You’ll find all the updates in POLITICO’s daily newsletter about what’s driving the day in Westminster. ![]() ![]() we’re all involved)įollow all the latest on POLITICO’s live blog. A limited clash along NATO borders that could trigger the alliance’s Article 5 collective defense clause.An attempted partition of Ukraine east of the Dnieper: especially if Russia can secure a corridor connecting Crimea, Luhansk and Donbas regions, which it now considers Russian territory.Worrying possibilities that should be on your radar: Meanwhile, peace talks between Ukraine and Russia are slated to begin soon the jury is out as to whether it’s a real effort or a distraction ruse. In the wider world, today is Russia’s first day cut off from the benefits of 21st century globalization: Its airlines are grounded and ships impounded the Nord Stream 2 pipeline remains shut the assets of elites are frozen, and their rubles are much harder to exchange. The Pentagon is seeking backchannels to prevent a nuclear escalation.Ī democratic shield: Russia’s anti-democratic ambitions will now also be met by a fortified Ukrainian army, bolstered shortly by fighter jets from Europe and Stinger missiles from the U.S. While there may be some form of peace talks today, there is no sign of a ceasefire.īelarus is now a Kremlin extension: In addition to sending troops into neighboring Ukraine, the Lukashenko dictatorship has agreed to be a nuclear staging ground for Putin, just as Putin talks up his nuclear arsenal. The last time this happened (at the hands of Nazis in 1941) the battles lasted seven weeks before Kyiv fell we’re not even in week two this time around. The siege of Kyiv is underway, with troops from Belarus reportedly about to pile on. It’s a reminder to all of what is fixable and worth defending.īut the worst is yet to come. The State of the American Union may not be great, but it now has an example - Ukrainian leaders and ordinary citizens - who would sacrifice anything, and yet give up nothing, for their freedom. Ĭheck out the weekly Global Insider podcast.| Follow Ryan on Twitter.
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