Skip to content

The Money Game Is Still Going Putin’s Way

Russian President Vladimir Putin gives a speech during the Victory Day military parade at Red Square on May 9.

Russian President Vladimir Putin gives a speech during the Victory Day military parade at Red Square on May 9.

Photographer: Mikhail Metzel/AFP/Getty Images

On paper it’s been a bad week for Russian President Vladimir Putin.

His invasion of Ukraine has brought Europe closer together, leading the European Union to grant Ukraine candidacy status and Sweden and Finland to get their foot in the door at NATO. Group of Seven nations are looking at putting a cap on the price of Russian oil, and mulling one on gas, too.