Clean and efficient energy is our greatest weapon against Russian autocracy
Russia’s invasion of Ukraine has been met with an unprecedented display of economic force. Russian assets have been frozen, preventing $630bn of foreign currency reserves from being used to fund its war machine[1]. Russian banks have been blocked from the international finance system SWIFT, paralysing the country’s ability to conduct international trade. Russian individuals and businesses have been hit with asset freezes and other sanctions to choke support for Putin’s war.
In the short-term, these are powerful tools to ‘fight’ the war in Ukraine (without actually fighting the war in Ukraine). But over the long term, the greatest lever we have against runaway Russian power may be to weaponise power itself. Read more …