Putin

Monday

James Forsyth

‘Staying Switzerland’ on Ukraine is impossible

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. Their willingness to do this is as much about Taiwan as Ukraine; they know that China is

Thomas Lorman

Viktor Orbán has played a perfect game with Putin

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. His alliance

Sam Leith Sam Leith

Has Putin resurrected the West?

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

Sunday

Mark Galeotti

War in Ukraine has divided Putin’s court

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. After all, even at Monday’s fateful televised meeting

Saturday

James Forsyth

A new Europe is emerging from this crisis

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. The EU seems to have realised how unsustainable their position was when

Friday

Mary Dejevsky

Are Russians turning against Putin?

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

James Forsyth James Forsyth

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

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

Ross Clark Ross Clark

Will the West shut Russia out of Swift?

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

Thursday

James Forsyth

Boris Johnson needs even tougher sanctions to deter Putin

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. In answers

Ross Clark Ross Clark

The Ukraine invasion is good news for Wall Street

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,

Boris Johnson

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

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. Ukraine is

Katy Balls Katy Balls

Boris Johnson promises more sanctions

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

James Forsyth James Forsyth

Two reasons Putin thinks he can weather sanctions

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

Niall Ferguson

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

‘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

Martin Vander Weyer Martin Vander Weyer

Pipeline politics: what happens if Putin cuts off Europe’s gas?

The price of Brent Crude oil was hovering at $100 a barrel as Germany halted approval of the controversial Nord Stream 2 gas pipeline from Russia in response to Putin’s latest aggression. The oil price is five times its low point in 2020 — and the name itself, from the now-defunct Brent field in the North Sea, is a reminder of the UK’s energy vulnerability. ‘But only 3 per cent of our gas comes from Russia’ is irrelevant because we pay world prices for oil and gas from Norway, the US and the Gulf — prices driven both by physical constraints and global market sentiment. A cut-off of Russian gas

Taki

The moral courage of P.J. O’Rourke

Was it Socrates who said that chaos was the natural state of mankind, and tyranny the usual remedy? Actually it was Santayana, and boy, did he ever get it right. My friend Christopher Mills has given me a terrific book, The Wages of Destruction by Adam Tooze, about the making and breaking of the Nazi economy. I thought I knew everything there is to know about that period, but I hadn’t thought of global economic realities, the ones that actually won the war. Germany’s limited territory and lack of natural resources led to war. Germans had been starving since the end of the Great War, and needed the corn of

James Forsyth James Forsyth

Sanctions on Putin will hit Britain’s cost of living. Are we ready?

No British soldiers will go to fight in Ukraine. The UK’s military involvement will be limited to weapons shipments and more forces to Nato’s eastern flank to try to deter further Russian revanchism. Despite this, domestic opinion in Britain — and other western countries — will be hugely significant in this conflict. The West is trying to use sanctions to influence Vladimir Putin’s behaviour. However, there are clear limits to deterrence through economic measures, as Niall Ferguson writes in his article. The threat of sanctions was not enough to stop Putin unilaterally recognising the two breakaway republics in the Donbas, Donetsk and Luhansk, and agreeing to send troops there. At

Charles Moore Charles Moore

What Putin has in common with Hitler

We are always cautioned against comparing a modern political event with those that led up to the second world war. One can see the risk of hyperbole and slander. But as Vladimir ‘Inky Poops’ Putin re-invades Ukraine, he will be making such comparisons himself. His long and bitter address on Monday showed his taste, common in tyrants, for historical disquisitions designed to turn grievance into aggression. He lambasted the foolishness of the Soviet leadership in the 1920s and 1930s which had laid ‘a mine to destroy state immunity to the disease of nationalism’. With the collapse of the Soviet Union from 1989, he went on, this had led to the

John Keiger John Keiger

Why does Macron keep meddling in international crises?

Just two months from the presidential elections, Emmanuel Macron’s self-belief and risk-taking — not to mention setbacks — seem to know few bounds. And no more so than in foreign affairs. Following the French President’s telephone conversation with Vladimir Putin over Ukraine on 20 February, the Elysée triumphantly announced that a Biden-Putin summit was agreed in principle, only for the Kremlin to pour cold water on the idea the next morning. Washington then followed suit, before Putin announced the recognition of the two breakaway Ukrainian republics of Donetsk and Luhansk. This humiliation comes after Macron’s Moscow visit on 7 February, which concluded with a live press conference in which Putin

Timothy Garton Ash

The West missed its chance to help Ukraine

Yet another east European tragedy is unfolding before our eyes. We have watched this movie for more than 80 years. In 1938, Czechoslovakia was abandoned to its fate by Neville Chamberlain at ‘Munich’. In 1945, at the Yalta conference, it was Poland’s turn — and the eastern half of our continent lost to Soviet domination. Then the Soviet invasions of Hungary in 1956 and Czechoslovakia in 1968, followed in 1981 by a ‘state of war’ in Poland. ‘Goodbye to all that’ we naively thought after the end of the Cold War, but in 2008, Vladimir Putin’s Russia seized chunks of Georgia. Then came 2014: the Russian dictator annexed Crimea from