The Russian economy was crushed in the span of a week. Europe is questioning its reliance on Russian oil and gas. Meanwhile, nuclear plants across Ukraine have been vulnerable to Russian strikes and potential disaster.
The repercussions of Russia’s war on Ukraine are rippling out far beyond the combat zone due to the world’s highly interconnected economy and energy needs.
The world’s advantage over Russia: Fintech
For example, so-called “fintech” — or financial technology — may be one of Putin’s worst enemies. The international response to the Russian invasion included a rapid shutdown of Russian banking around the world and exclusion from the SWIFT electronic payment system, forcing the closure of the…