The New York TimesThe New York Times

Putin, Facing Sanction Threats, Has Been Saving for This Day

By Max Fisher

03 Feb 2022 · 5 min read

Vladimir Putin’s posture toward the West through the recent Ukraine crisis seems unusually defiant, even for him. But there may be more behind his confidence than military power or empty bravado.

Over the past several years, Putin, Russia’s president, has restructured his country’s economy for the specific purpose of withstanding Western financial pressure.

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