Vladimir Putin’s decision to invade Ukraine - like his annexation of Crimea in 2014 - coincided with high energy prices. Russia’s oil and gas exports have long been the foundation of its economy and geopolitical strength. Nearly every dimension of the Ukraine-Russia conflict has been shaped by energy markets. Transcripts of each episode will be made available by the next workday. Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter.įor more information on today’s episode, visit /thedaily. * Western investment, law and lobbying firms have previously helped enmesh oligarchs into financial and legal systems. Now, amid the war in Ukraine, governments are working to give them bite. * For nearly a decade, sanctions have been little more than names on a list for wealthy Russians. If you would like to share their name on the episode, please RECORD A VOICE MEMO and send it to us at You can find more information and specific instructions here. Have you lost a loved one during the pandemic? The Daily is working on a special episode memorializing those we have lost to the coronavirus.
Guest: Matt Apuzzo, a reporter for The New York Times, based in Brussels.
Among the actions taken by the West to punish Moscow for the invasion of Ukraine is the blacklisting of the incredibly rich and politically connected Russian businessmen known as oligarchs.īut how could sanctions on Russia’s superwealthy increase the pressure on President Vladimir V.