August 30, 2022

Dollars, Tanks, and Banks: Modernizing the Economic Warfighting Domain

On 8 March 2022, the exchange rate of the Russian ruble hit its all-time low against the U.S. dollar and other major reserve currencies. Why? Tanks. To be specific, Russian tanks, soldiers, helicopters, fighter jets, and conventional weapons of war deployed in Ukraine. While the Russian invasion of Ukraine did not surprise many military strategists...