The moves between the great powers, read in five minutes.
EDITION 01 · AUGUST 2026August 6, 2026 · covers July 23 to August 6
twice monthly
Top line · this edition
The past two weeks turned pressure on Russia into pressure on everyone who trades with it. The United States Senate advanced tariffs of up to 100 percent on the biggest buyers of Russian oil, days after the European Union adopted its largest Russia sanctions package in four years; both moves aim at Moscow but land on Beijing and New Delhi. With a Russian cruise missile detonating inside Poland and Xi Jinping due in Washington in late September, tension is highest, and rising, in finance and sanctions.
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