Enmetena Advisory
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Media analysis across global outlets

Media Appearances

A curated selection of TV interviews, panel discussions, and podcast appearances on geopolitics, sanctions, and economic warfare.

Television Interviews

Analysis and commentary from leading television networks worldwide.

Al Jazeera English

Trump’s Russian diesel deal won’t change US oil markets much: Analysis

Maximilian Hess, a fellow at the Foreign Policy Research Institute and founder of the political risk consultancy Enmetena Advisory, speaking from London, says Donald Trump’s diesel deal with Vladimir Putin won't meaningfully affect US oil markets. Hess says the initial 300,000 tons of Russian diesel is less than a day of US transport diesel use, and further amounts would be only a few days’ worth. He says it is unclear whether Russia can deliver, as it has not exported diesel since July because of Ukrainian strikes. He calls the move “far more rhetorical” than a new sanctions move, noting that one-month waivers covered almost all Russian crude in March and April. He says the Lindsey Graham sanctions act has an October 19 deadline for some new measures. It puts sanctions in law, making them harder for Trump to lift, though he can suspend many. The suspension is written for six months.

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CNBC

Middle East conflict could escalate even as Hormuz oil flows recover: Expert

Maximilian Hess, Principal at Enmetena Advisory, says the conflict in Yemen could escalate further even if the Strait of Hormuz crisis is resolved, as Houthi forces continue to threaten Saudi Arabia and key shipping routes. He also warns of further energy market shocks amid constrained LNG supplies and limited prospects for renewed U.S.-Iran diplomacy.

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Al Jazeera English

Markets, not politicians, will decide oil and gas flows once Hormuz reopens, analyst says

Leaders of the G7 countries said they will reduce their dependency on the Strait of Hormuz. In a statement released, they said they will diversify energy supply routes to reduce global reliance on the strait. The leaders also said they will commit to increase energy stocks. Roughly 20% of the global oil consumption and liquified natural gas passes through the Strait of Hormuz. Maximilian Hess is a fellow at the Foreign Policy Research Institute. He says the statement released by the G7 leaders is an appeal to Trump.

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LBC

Russia strikes inside NATO territory. Are we ready?

The UK may send more Typhoon jets to Romania after a Russian drone strike injured two in a dangerous incursion into NATO territory. 00:10 Max Hess is a senior fellow at the Foreign Policy Research Institute. He speaks to Matthew Wright about the Russian incursion into NATO territory. 05:17 Tobias Ellwood gives his take as a former foreign office minister.

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CNBC

China 'holds all the cards' in likely Russia energy deal: Expert

Ementena Advisory's Maximilian Hess says Russia and China are "very close" to reaching a deal over the Power of Siberia 2 pipeline amid the current geopolitical dynamics. But the real questions are: how long will China be willing to purchase gas from Russia through this new pipeline, and on what terms?

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Al Jazeera English

Hungary blocks EU sanctions on Russia and aid to Ukraine in a dispute over oil supplies

Hungary says it's blocking new EU sanctions on Moscow and a huge loan to Ukraine, unless Russian oil supplies to its territory are restored. EU foreign ministers are gathering in Brussels hoping to finalise the sanctions and approve a 106-billion-dollar loan to Kyiv Maximilian Hess is a fellow at the foreign policy research institute and founder of political risk firm, Enmetena Advisory. He says Hungary has actively chosen to fund Vladimir Putin's war.

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TRT World

Trump: We are going to run Venezuela with a group

Maximilian Hess is the Principal of Enmetena Advisory, a London-based political risk consultancy. He joins us live from Zurich.

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Al Jazeera English

Ukraine Conflict Explained: Frozen Russian Assets and Negotiation Challenges

Join Maximilian Hess, founder of London-based advisory firm Enmatina Advisory, as he analyzes the latest developments in the Ukraine war and the proposed plan to use frozen Russian assets to support Ukraine. Hess discusses the legality of this move, Russia’s “lawfare” tactics against Europe, and the complexities of the Donbass negotiations between Ukraine and Russia. He also explores the role of the Trump administration and its potential impact on the conflict, with a focus on gas markets, global trade, and international policies.

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BNN Bloomberg

BHP Group walks away from Anglo American takeover

Maximilian Hess, principal at Enmetena Advisory and fellow at FPRI, joins BNN Bloomberg to discuss BHP abandoning the bid for Anglo American.

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BNN Bloomberg

What to know about the Teck-Anglo deal

Maximilian Hess, principal at Enmetena Advisory, joins BNN Bloomberg to discuss the implications of Teck-Anglo's $70B deal.

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Al Jazeera

Trump Meets Zelenskyy at the White House with European Leaders

Maximilian Hess, founder of Enmetena Advisory, analyzes Trump's White House meeting with Zelenskyy and European leaders, explaining how their involvement shapes Russia–Ukraine negotiations and the broader geopolitical landscape.

Al Jazeera

EU Leaders, Trump, and the Ukraine War — Maximilian Hess Analysis

Maximilian Hess, founder of Enmetena Advisory, analyzes EU efforts to sway President Trump on ending the war in Ukraine. He explains why a quick 'grand bargain' is unlikely, and why U.S.–Russia differences remain too large for Kyiv to accept.

NDTV

NDTV Interview: Trump's Putin Summit, India's Role, and the Alaska Meeting

In this segment, Maximilian Hess, author of 'Economic War,' joins Gaurie Dwivedi to discuss President Trump's optimism ahead of his Alaska summit with Vladimir Putin. He comments on whether a deal can be struck, and evaluates India's strategic role in the evolving U.S.–Russia dynamic.

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Al Jazeera

Trump–Putin Alaska Summit, Sanctions, and Ukraine Frontline Analysis

In this interview Maximilian Hess examines Trump's Alaska summit with Putin, his threats of sanctions on Russian oil and LNG, European concerns about losing leverage, and the impact of Russia's advance near Pokrovsk.

Henry Jackson Society

A New Playbook: Making Sanctions More Effective

In recent decades, sanctions have become the tool of first resort for governments seeking to exert pressure on hostile regimes or malign actors. Favoured by Western democracies for being more effective than diplomacy and less costly than military intervention, sanctions have evolved significantly in both scope and precision. Today’s measures increasingly target individuals and entities—rather than entire nations—avoiding the sweeping harm once inflicted on civilian populations, as seen in cases like Yugoslavia and Iraq.

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Carnegie Europe

Securing Energy Independence: The Future of Eastern Europe’s Gas Supply

Since Russia’s 2022 invasion of Ukraine, nearly all of Central and Eastern Europe has cut its reliance on Moscow’s gas. While regional cooperation and expanded LNG access have helped diversify supplies, rising costs and infrastructure constraints continue to test Europe’s energy security.

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Deloitte Luxembourg

A world in flux: coping with continued volatility | Cross-Border 2025 (3/12)

On 13 May 2025, we held the 13th Cross-Border Distribution Conference in Luxembourg. Whether you missed it or want to revisit the highlights, enjoy this series of video replays.

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Al Jazeera

Russia's Sanctions Demands, Black Sea Deal, and Limits of US Power

Hess explains why Russia's demands to reconnect the Russian Agricultural Bank to SWIFT cannot form the basis for peace, highlighting coordination challenges between the U.S. and Europe.

Bloomberg TV

Trump Putin To Speak; China's Economic Optimism | Horizons Middle East & Africa 03/17/2025

Presidents Trump & Putin will speak on Tuesday as the US pushes for a ceasefire deal between Russia & Ukraine. Meanwhile, the Houthis have claimed the attack on American vessels in the Red Sea as the US vowed 'unrelenting' strikes against the rebel group in Yemen. There's a growing presence of the UAE in cryptocurrency investments. Plus China's government plans to boost consumption. Also on the show, ADNOC mulls buying energy assets from Mubadala. And West Africa's crackdown on foreigners in mine operations. Guests include: Ben Powell of BlackRock Investment Institute, Ola Doudin of BitOasis, Shane Olive of AMP, and Maximilian Hess of Enmetena Advisory.

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Bloomberg TV

Trump Speaks with Putin, Russia-Ukraine Ceasefire, and Sanctions Update

Hess discusses Trump's attempts to launch ceasefire talks, Putin's refusal of Kyiv's unconditional ceasefire, and the implications of U.S. sanctions policy.

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CNBC International

Enmetena Advisory: The Russia-Ukraine war is a 'fundamental crisis' shaping Europe's future identity

In this interview with CNBC International, Maximilian Hess, founder of Enmetena Advisory, discusses the meeting of U.S. and Russian officials in Riyadh ahead of the Trump-Putin summit in the kingdom.

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BBC News

Putin, BRICS $28.5 Trillion Bloc, and the Push for a New Global Financial Order

Hess analyzes Putin's push at BRICS for a new financial infrastructure to bypass Western sanctions, explaining why structural and political limits will stall his de-dollarization agenda.

CNBC

Putin wants three things from China, analyst says

Max Hess, fellow at the Foreign Policy Research Institute, discusses Russian President Vladimir Putin's upcoming meeting with Chinese counterpart Xi Jinping.

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The New York Society Library

Maximilian Hess, Economic War: Ukraine and the Global Conflict between Russia and the West

This event took place in the Members' Room on November 21, 2023. Vladimir Putin's first invasion of Ukraine, in 2014, set off a global economic clash, as the West used its clout with international markets to deter and penalize the Kremlin. This startling new book by Foreign Policy Research Institute fellow Maximilian Hess lifts the lid on Russia's response to Western sanctions and the resulting conflicts over finance, energy, and capital markets.

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ThinkFest Pakistan

ThinkFest 2024: Economic War: Ukraine and the Global Conflict between Russia and the West

Join us for a critical discussion to gain valuable insights into the economic dynamics of the conflict between Russia and the Wes, titled "Economic War: Ukraine and the Global Conflict between Russia and the West" with: 🎙 Max Hess, Geopolitics Expert from the UK 🎙 Senator Musadik Malik, PMLN 🎙 Mosharraf Zaidi, Partner, Tabadlab

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Jack Parrock Live

Is Europe’s support for Ukraine faltering? Jack Parrock Live [FULL SHOW]

Over a year after Russia's invasion, European countries appear to be putting their own domestic political concerns ahead of their support for Kyiv. Jack Parrock speaks to Ukrainian MP Ivanna Klympush, Brussels-based Hungarian journalist Sándor Zsíros, Romanian journalist Mircea Barbu, and Russia expert Max Hess.

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WION

Strategic Analyst Maximilian Hess speaks to WION on Seymour Hersh report | Latest News |

The White House flatly rejected a new report by veteran investigative journalist Seymour Hersh that the US was behind the sabotage of the Nord Stream gas pipelines last year. Strategic Analyst Maximilian Hess speaks to WION more on this.

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CNBC

Analyst discusses Germany's decision to send tanks to Ukraine

Maximilian Hess of Foreign Policy Research Institute says there's recognition in Berlin "and there has to be everywhere across the Western alliance supporting Ukraine" that at some point, Ukraine will only be fighting with NATO standard and Western weapons as long as Russia's invasion continues.

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Pushkin House

Are Sanctions Working?

On Thursday 19 January, Pushkin House invites you to listen to a panel of experts who will discuss the economic sanctions that the West has imposed on Russia. Designed to penalise any contribution to Russia’s war machine, these sanctions have crippled Russian industrial production and damaged the commercial and financial sectors, but have not yet put an end to the war. How do the experts regard the current situation? The speakers include Maximilian Hess, Elina Ribakova and Nicholas Trickett, and the conversation will be moderated by Dasha Afanasieva.

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The Waterline Summit 2022 (Future Humber)

The Waterline Summit 2022 - Maximillian Hess, Foreign Policy Research Institute

Jonathan Levy speaks with Maximillian Hess, Foreign Policy Research Institute, for The Waterline Live on Day 1 of The Waterline Summit 2022.

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CNN-News18

Rishi Sunak | Economic Challenges Facing The New PM? | UK PM | UK Economy | English News | News18

Rishi Sunak News | Something for the entire Asian community to unite around: FPRI fellow Maximilian Hess "But significant challenges are facing him"

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Davis Center for Russian and Eurasian Studies

Russia’s War in Ukraine and the Economic Aftershocks in Central Asia

Given their levels of economic interdependence, sanctions on Russia have the potential to cause dire consequences for the Central Asian economies. Surrounded...

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WION

EU dismisses Ukraine's membership plea | Maximilian Hess Exclusive| Latest World English News | WION

In a big blow to Ukraine's dream of joining the European union the 27-member block rejected Ukrainian President Volodymyr Zelenskyy's plea of an immediate membership for his country. For more on this we are joined by Maximilian Hess, fellow foreign policy research institute.

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Yahoo Finance

There’s a ‘gaping loophole’ in sanctions on Russia, foreign policy expert explains

Foreign Policy Research Institute Fellow Maximilian Hess joins Yahoo Finance Live to discuss U.S. sanctions on Russia and the outlook for the Russia-Ukraine conflict.

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Dan Murphy

Sholz heads to Washington amid fierce Russia blowback

Olaf Scholz is in Washington for the first time as German chancellor, meeting with President Biden amid fierce criticism over his handling of the Russia-Ukraine crisis. We speak with Max Hess for more.

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Dan Murphy

Russia and U.S. at odds as Ukraine crisis escalates

Russia is risking all-out war to prevent Ukraine from joining NATO. I speak with Max Hess at the Foreign Policy Research Institute about about the crisis, and ask if conflict can be avoided.

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Foreign Policy Research Institute

Georgia's Doomed Deep Sea Port Ambitions

Deputy Director of the Eurasia Program Maia Otarashvili and Central Asia Fellow Maximilian Hess discuss the geopolitics of the cancelled Anaklia project.

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UATV English

Is This The Kremlin's Worst Nightmare?

For the first time in decades, the US has shown that it has an impact over the distribution of assets in Russia, a move which Vladimir Putin's government has been keen to control and cultivate since he became president in 2000. The US Treasury's announcement to target 24 Russian oligarchs and 14 entities in its latest round of sanctions shows that some of the most prominent Russian businessmen are no longer welcome in the US financial system. Max Hess, a political risk analyst with "AKE International" believes the move by the US Treasury has left Russia's elite political factions in disarray. _

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Podcast Appearances

In-depth discussions on economic warfare, sanctions policy, and geopolitical analysis.

The Political Risk Podcast

The Political Risk Podcast W/ David Benyon

A multipolar world meets the weaponization of the global financial system, and the Bretton Woods institutions at the core of the rules/norms-based international order are facing unprecedented challenges. A special episode, in association with Mosaic, featuring Finn McGuirk, Mosaic’s head of political risk, and Maximilian Hess.

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FPRI Bear Market Brief (Chain Reaction)

Rumble in the Oval: Strategy or Spectacle?

The two weeks after Donald Trump and Volodymyr Zelensky’s Oval Office clash have precipitated drastic shifts in transatlantic relations and the potential trajectory of Russia’s war in Ukraine. Now a possible ceasefire is on the horizon. This week on the Bear Market Brief podcast, host Aaron Schwartzbaum and Maximilian Hess make sense of the Oval Office blow-up, discuss President Trump’s strategic aims, Russia’s goals, Europe’s response, the US-Ukraine minerals deal, and what might come next with Russia sanctions. This episode was recorded on March 3, 2025. For more about economic warfare in the 21st century, be sure to check out Max’s newsletter, Conflict and Credit.

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Zaren. Daten. Fakten.

Deutschland, Russland und Amerika: Prognosen für 2025 (Gast: Maximilian Hess)

In dieser Folge des "Zaren. Daten. Fakten." Podcasts ist der Amerikaner Maximilian Hess, Wissenschaftler am Foreign Policy Research Institute zu Gast und gibt Einblicke in Themen wie die letzten Sanktionen der Biden-Administration und deren Auswirkungen auf die russische Wirtschaft und die Ölpreise, sowie die potenziellen Veränderungen unter der neuen Trump-Regierung. Maximilian Hess teilt zudem seine Einschätzungen zur Abwertung des Rubels, der zukünftigen Wirtschaftspolitik der USA und der Rolle des US-Dollars als Leitwährung. Zum Schluss der Episode gibt er konkrete Prognosen für das Wirtschaftswachstum 2025 in den USA, Deutschland und Russland.

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The Sanctions Age

Economic War and Economic Peace

Maximilian Hess and Nicholas Mulder on economic war and economic peace. Maximilian Hess and Nicholas Mulder have spent a lot of time thinking about economic weapons and economic war, especially in the context of Ukraine.

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ntv - Wieder was gelernt

Milliarden für die Ukraine? Ein Plan, der Deutschland nichts kostet

Die Ukraine braucht im Kampf gegen Russland derzeit nichts dringender als Munition - und Geld, um ihren kriegsgeplagten Staatshaushalt zu stabilisieren. Ein britischer Politologe schlägt vor, russisches Vermögen in ukrainische Kriegsanleihen zu investieren. Ganz legal. Deutsche Bedenken wischt er weg.Mit? Maximilian Hess, Fellow am Foreign Policy Research Institute (FPRI) und Gründer der politischen Risikofirma Enmetena Advisory in London

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Meduza - The Naked Pravda

Why hasn’t the West seized Russia’s frozen sovereign assets?

The U.S. government is reportedly becoming more “assertive” about backing the confiscation of roughly $300 billion in frozen Russian sovereign assets to provide an alternative funding stream for Kyiv. The news comes amid faltering efforts in Europe and Washington to approve the budgetary allocations needed to sustain aid for Ukraine, which presumably makes it even more attractive to force Russia to foot the bill. Kyiv’s most ardent supporters in the West say the seizure of the immobilized Russian state assets is long overdue. In fact, that the seizure hasn’t happened already is both alarming and confounding to many people.

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Encyclopedia Geopolitica

How to get on a Watchlist podcast (S2E11): How to Wage Economic Warfare

Deep dive into the mechanisms and effectiveness of economic sanctions as tools of modern statecraft and geopolitical influence with Maximilian Hess and Nickolas Michelon.

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Zaren. Daten. Fakten.

Amerikanischer Blick: Deutsche und Russische Wirtschaft (Gast: Maximilian Hess)

In der ersten Folge 2024 begrüßen wir den Autor und Finanzexperten Maximilian Hess, um die wirtschaftliche Situation in Deutschland, Russland und den USA zu diskutieren. Da Maximilan Hess sowohl amerikanische als auch deutsche Wurzeln hat und eine tiefe Verbindung zu Russland pflegt, bietet er einzigartige Einblicke in diese Thematik.  00:00 Begrüßung und Vorstellung des Gastes 02:22 Zum Verständnis der russischen Wirtschaft 03:41 Auswirkungen der Militärausgaben auf die russische Wirtschaft 07:16 Herausforderungen der Importsubstitution in Russland 12:35 Vergleich der russischen Wirtschaft in den Jahren 2013 und 2023 14:00 Deutsch-amerikanische Beziehungen  18:34 Mögliche Auswirkungen von Trumps Präsidentschaft auf die Sanktionspolitik 31:19 Wirtschaftlicher Ausblick für Deutschland, USA und Russland im Jahr 2024

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Departures with Robert Amsterdam

Departures Podcast featuring Maximilian Hess, author of 'Economic War'

As Russia’s conflict with Ukraine grinds deep into year 2, there are signals of impatience and exhaustion among the country’s key supporters in the United States and Europe, and increasing chatter about “stalemate” and pushing Kyiv to the negotiating table. But even for the staunch isolationists who view the outcome of the conflict through the […]

Decoding Geopolitics with Dominik Presl

#1 Maximilian Hess: Who's Winning The Economic War Between Russia and the West?

How long Russia can sustain its war in Ukraine before its economy will fall apart? Why sanctions didn't work the way we expect them to? And why is the crumbling Russian economy more resilient than it seems? Maximilian Hess is a Central Asia Fellow in the Eurasia Program at the Foreign Policy Research Institute and the founder of the London-based political risk firm Enmetena Advisory. He is also the author of Economic War: Ukraine and the Global Conflict between Russia and the West. His research focuses on the relationship between trade, debt, international relations, and foreign policy, as well the overlap between political and economic networks.

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FPRI Bear Market Brief (Chain Reaction)

Economic War: Ukraine and the Conflict Between Russia and the West

On this week's special episode of the Bear Market Brief, Aaron Schwartzbaum sits down with FPRI Fellow Maximilian Hess to talk about his new book "Economic War: Ukraine and the Global Conflict Between Russia and the West" (Hurst, 2023). This episode was recorded live on September 28, 2023. For more on the international economic order and the conflicts shaping it, check out Max's newsletter, Conflict & Credit.

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RevDem Podcast

Maximilian Hess on the Economic War between Russia and the West

In this conversation with RevDem editor Ferenc Laczó, Maximilian Hess shows how an economic war between Russia and the West has broken out in the 2010s; discusses why Russia’s large-scale invasion and brutal attempt to wreck Ukraine in 2022 has caused such disruption on the global scale.

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Meduza - The Naked Pravda

‘Economic War: Ukraine and the Global Conflict Between Russia and the West’

Have you given much thought to the economic war that rages behind the scenes of Russia’s brutal invasion of Ukraine? You’ve likely read plenty about sanctions. Maybe you know that the likes of McDonald’s and Starbucks have left Russia, and you’ve probably seen some headlines about Europe struggling to break its energy dependence on Russia. But unless you work in this field, it’s easy to underappreciate how crucial the economic war between Russia and the West is to the broader conflict that has destroyed the post-Cold War peace with Moscow.

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NDR Info

NDR Info Episode 562 W/ Max Hess

"Russland hat eine unheilbare Krankheit, kann aber dank seiner Öl- und Gaspolitik die Schmerzen noch für lange Zeit umgehen", sagt der Politikberater Maximilian Hess im Gespräch mit Anna Engelke über die Wirkung der Sanktionen gegen Moskau.

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GeoVane Geopolitics (The Long Telegram)

Can Russia Beat the Sanctions? w/ Max Hess

In this latest episode of The Long Telegram, Geovane spoke with geopolitical strategist and advisor Maximilian Hess. Max is a Central Asia Fellow in the Eurasia Program at the Foreign Policy Research Institute, Associate Fellow at the International Institute for Strategic Studies, and founder of the London-based political risk firm Enmetena Advisory. He is also the author of of a timely new book: Economic War: Ukraine and the Global Conflict between Russia and the West. 📖 Get the book: https://www.hurstpublishers.com/book/economic-war/ In the interview we discuss a range of geopolitics topics including US-China relations, the state of the conflict in Ukraine withs some hot takes on recent developments in the region, and the state of polarity in the current world order. We even get into some theories about Tether and role of crypto currencies in geopolitics! So tune in and make sure check out Max’s book when it releases! Max Hess’ website: https://www.mfmhess.com/ Follow Max Hess: https://twitter.com/zakavkaza

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FPRI Chain Reaction

Changing Tides in the Black Sea Region

The Black Sea region looms increasingly large as the locus of of great power, military, political, and economic competition. FPRI’s Eurasia Program partnered with Ilia State University in Tbilisi, Georgia, to hold a two day conference on Black Sea geopolitics, security, strategic connectivity, and resilience. In this episode, Head of Eurasia Research, Robert Hamilton, is joined by Director of the Eurasia Program, Maia Otarashvili, and Eurasia Fellows Aaron Schwartzbaum, Max Hess, Nikolas Gvosdev, Batu Kutelia, and Dato Sikharulidze to discuss key takeaways from the conference.

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Reed Morin Show

US Debt Limit, Death of the Dollar & BRICS Challenging the USA | Episode 19: Maximillian Hess

Can you imagine a world where the US dollar is no longer the global reserve currency? In this riveting episode, we're joined by Maximilian Hess, who is a Central Asia Fellow in the Eurasia Program at the Foreign Policy Research Institute and the founder of the London-based political risk firm Enmetena Advisory. He is also the author of Economic War: Ukraine and the Global Conflict between Russia and the West. His research focuses on the relationship between trade, debt, international relations, and foreign policy, as well the overlap between political and economic networks. Today We uncover how countries like Russia and China are challenging the US dollar's supremacy and dive deep into the complex world of cryptocurrencies and their potential impact on the future of money.

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The Red Line

95 - The Death of the US Dollar?

There has been an online explosion of discourse surrounding several currency agreements signed by nations like Russia, China and India, with some even predicting the emergence of a gold-backed BRICS currency to rival the US dollar but the end of the year. Is this actually possible though, and how likely are these five countries who have wildly different levels of interest, savings and inflation, to work together in the long term, or is this just Russia and China making political noise whilst still clinging to the stability of the US Dollar? Are we experiencing the beginning of "The Death of the US Dollar?", or a masterclass on why it has maintained its primary position for so many decades now? We ask our panel of experts: On the panel this week: - Vicky Pryce (CEB) - Maximilian Hess (FPRI) - Anders Åslund (Swedish Economist) Intro - 00:00 PART 1 - 03:59 PART 2 - 29:26 PART 3 - 53:53 Outro - 1:07:36 Follow the show on @TheRedLinePod Follow Michael on @MikeHilliardAus For more information, please visit - www.theredlinepodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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Armin Popp (interview series)

#4 Maximilian Hess - What Economic Warfare Lessons have the West, China & Russia learned - Part 1

1. Geo-economics is the study of how states use economic linkages, trade relationships, and development agendas to advance their interests and compete with one another. 2. The economic war between Russia and the West is more significant than the trade war between the West and China, as it involves the fundamental rules of the international economic order. 3. Sanctions can be effective in limiting a state's capacity to wage war or take certain actions, as seen in the case of Russia and the West.

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Infocom (Focus on Russia)

The West Should Assert Itself as a Security Actor in the South Caucasus | Maximilian Hess

In the new episode of "Focus on Russia", Tigran Grigoryan and analyst Maximilian Hess discuss the economic and energetic dimensions of the Russo-Ukrainian war. Mr. Hess emphasizes the need for a more active engagement of the West in the South Caucasus.

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NPR

War: The Cost to Russia

Analysis of the economic impact of sanctions and military expenditure on Russia's economy and long-term strategic capabilities.

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Meduza - The Naked Pravda

Russia’s looming financial collapse — a return to the 1990s or 1918?

In the days since Vladimir Putin ordered a full-scale invasion of Ukraine, the Western world has imposed crippling economic sanctions on Russia designed to force extreme costs on the Kremlin for its aggression. In the Biden administration’s words, the measures will “weaken the Russian defense sector and its military power for years to come and target Russia’s most important sources of wealth.”

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Meduza - The Naked Pravda

‘Sweeping new authority’: What it means to sanction Russia’s sovereign debt

This week, the Biden administration rolled out the latest round of U.S. sanctions against Russia, slapping Moscow (yet again) with a series of targeted measures to punish the Kremlin for alleged election meddling, hacking, and military aggression. The U.S. Treasury Department identified a few dozen persons and entities, freezing any of their assets in the United States and banning Americans from doing business with them. Russia soon followed suit with its own set of countersanctions, while simultaneously launching an effort to liquidate Alexey Navalny’s nationwide anti-corruption apparatus.

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FPRI Bear Market Brief

I See Debt People

Host Aaron Schwartzbaum talks to Maximilian Hess about the Russia-Ukraine credit spat, bonds in geopolitics, and Abkhaz bitcoin(!).

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