Three Russian billionaires have resigned from the board of a $22 billion investment firm amid their country's ongoing invasion of Ukraine. It comes after London-based LetterOne froze out Mikhail Fridman and Petr Aven, who are subject to Western sanctions, blocking access to their buildings last week and forbidding them to...
Boeing Stops Buying Russian Titanium, Europe’s Airbus Continues Purchases
Neither the European Union nor the United States have placed sanctions on Russian titanium producers – yet. Nonetheless, Boeing announced on Monday that it will no longer purchase titanium from Russian suppliers. The aircraft manufacturer made the following statement, in part: “Our inventory and diversity of titanium sources provide sufficient...
Business as Usual at Global Security Conference: White Men Rule the World
Though organizers of the Munich Security Conference in February took care to stress that 45 percent of its event speakers were female, a photograph of a CEO lunch at the conference suggests that “a lot of old white men” are still running the show. The photo features some 30 monochrome...
The Curious Case of Russia’s Missing Air Force
Billions of dollars have been poured into Russia’s warplanes over the past decade. At the outset of a war, it was widely assumed by defense analysts and officials that Russia would quickly destroy its enemy’s air force and roam freely over the country, using its air superiority to pick off...
Putin’s Endgame Starts to Look Like Reducing Ukraine to Rubble
Watching Russia’s military machine grind a gruesome path through Ukraine, it’s impossible not to feel you’ve seen this tragedy before. The artillery volleys slamming into apartment blocks, the firing on evacuation corridors, and even the disorganization and hubris of the attack are all familiar scenes from Chechnya, Georgia, or Syria. Whatever the location,...
Bill Ackman Says Russia’s Attack on Ukraine Means World War III Has Likely Already Started
Billionaire hedge fund manager Bill Ackman has warned that World War III has “likely started already” amid Russia’s invasion of Ukraine. Ackman, the CEO of Persing Square Capital, said that “WWIII has likely started already, but we have been slow to recognize it,” although he added that there was “much more we can...
How Companies Can Put an End to Putin
In addition to the massive and myriad economic sanctions being leveled against Russian President Vladimir Putin and his gang of oily oligarchs, the more remarkable action has been actually been in the private sector, says Yahoo Finance editor-in-chief Andy Serwer. The list of companies standing up to Putin is long...
Marco Rubio Not Sorry For Posting Zelensky Photo Amid Security Concerns
Sen. Marco Rubio (R-Fla.) on Sunday defended tweeting out a photo from an online meeting with Ukraine’s president, dismissing complaints that participants were asked not to post anything on social media out of concern for the wartime leader’s safety. Rubio insisted that his photo of President Volodymyr Zelenskyy was shared before he and others...
Russia Recruiting Syrians for Urban Combat in Ukraine, U.S. Officials Say
Moscow is recruiting Syrians skilled in urban combat to fight in Ukraine as Russia’s invasion is poised to expand deeper into cities, according to U.S. officials. An American assessment indicates that Russia, which has been operating inside Syria since 2015, has in recent days been recruiting fighters from there, hoping their expertise in...
Defiant to the Last, Moscow’s Media Star Takes Aim at Putin’s Brutal Clampdown
Natalya Sindeyeva, the founder of the independent Russian TV channel Dozhd, struggled to the last but her station has been silenced – for now. Keeping the station alive had cost Sindeyeva her home, her marriage, her health and her security. Her mugshot is now posted on street corners as a...