Good morning folks. Another sombre edition today as Russia’s invasion of Ukraine enters a fifth day.
It feels moot to mention that our February Free Trial promotion ends today, so be sure to grab yourself a free-week’s trial of Inside The Newsroom and its job board. We have more than 2,500 jobs across the U.S., UK, Canada and Europe.
New jobs are below, but not before I do my best to round up everything that happened over the weekend.
If you want to follow along, I created a list on Twitter with more than 200 journalists covering the war from Ukraine, Russia and across Europe.
Weekend Developments
The AFP excellently showed the day-by-day territory occupied by Russia. While Ukrainian forces have defied predictions that it would lose control of the country in just a few days, Russia’s land within Ukraine is increasing.
Hundreds of thousands of Ukrainians have fled west to neighbouring Poland, Slovakia, Hungary, Moldova and Romania. The total number of refugees fleeing the war will be in the millions.
The European Union dropped numerous sledgehammers to punish Putin. In addition to blocking Russia from the SWIFT financial messaging system — considered the backbone of international finance — it closed its airspace to Russian airlines and for flights to and from Russia. And for the first time in its history, it approved lethal aid to a country under attack. Oh, and EU Commission President Ursula von der Leyen announced the EU would welcome Ukraine to its alliance — Ukraine has already submitted its application.
The closure of airspace and crippling financial sanctions placed on Russia has sent Russia’s currency — the Ruble — crashing to record lows. Approximately $640 billion of the Kremlin’s reserves held outside of Russia has been frozen. In response, Russia’s central bank raised interest rates to 20%, in an attempt to raise funds and support the Ruble. Unless Putin finds other sources of money, his war could end sooner than later.
The Kremlin said today that it readied its nuclear weapons in retaliation to the “aggressive statements” made by leaders of NATO countries, specifically naming the UK’s foreign minister — Liz Truss — for comments made on Sunday. It’s not clear specifically which of Truss’ comments sparked the nuclear order.
The FT’s Max Seddon and Demetri Sevastopulo readied a pretty haunting end-of-the-world analysis, should a nuclear escalation take place.
That’s almost everything for now. I’ll leave you with one of my favourite authors and smartest people alive Yuval Noah Harari — Sapiens, Homo Deus, 21 Lessons for the 21st Century — who explained why he thinks Putin has already lost the war.
And lastly, I don’t like naming and shaming people, as we all make mistakes and errors of judgement. Instead, I want to mention that as strong as the urge is to contribute to the discussion, it’s okay not to have a hot take. Often the only result is to showcase your ignorance.
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