Economic War

‘Hess examines how Russia’s response to the west’s economic sanctions following the first invasion of Ukraine in 2014 helped to set the stage for [the current] conflict.’ * Financial Times *‘Much has been said about Putin’s background in the KGB, but Hess makes a convincing case that his days in the St. Petersburg government, when he served as a liaison between the city, foreign business and, occasionally, criminal underworld, were just as formative.’ – The Washington Post‘An accessible but detailed account of the economic war between Russia and the West.’ – Informed Comment‘A welcome addition to a growing body of research on Russia’s invasions of Ukraine.’ – CHOICE‘An outstanding account, filled with insights and details. If you want to understand why we are already in an age of Global Conflict, there is no better place to start.’ – Peter Frankopan, author of ‘The Silk Roads’ and ‘The Earth Transformed’‘A critical book for understanding Russia’s war against Ukraine and the West’s response. Tracing Russia’s tactics of economic warfare across the world, from Beijing to Istanbul, from Caracas to London’s bond markets, this is the most detailed and far-reaching analysis of the economic war with Russia yet.’ – Chris Miller, author of ‘Chip War’‘Economic War shows how trade, finance, and information are the new battlegrounds in a world where traditional warfare is becoming obsolete. A unique perspective on the largest crisis in Europe since the Cold War, this is a must-read for anyone seeking a better understanding of the conflict, and its implications for global politics.’ – Michelle Caruso-Cabrera, former Chief International Correspondent, CNBC‘From sanctions to bonds of war, Economic War is an essential guide to how a decade of conflict between Russia and Ukraine has redrawn the global economic order.’ – Jack Farchy, co-author of ‘The World for Sale’

Maximilian Hess is a political risk analyst and consultant, as well as a fellow at the Foreign Policy Research Institute. Max speaks German, Russian, Georgian and Spanish, and has written for the Financial Times, the New Statesman and Foreign Policy, alongside a regular column for Al Jazeera.