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Maximilian Hess

@maxhess.bsky.social
4.6K followers 608 following 248 posts

Founder - Enmetena Advisory, Fellow @FPRI & @IISS_org. Eurasia, political economy, sanctions, international affairs, debt & sovereignty. Buy my book Economic War: Ukraine & The Global Conflict Between Russia & The West: linktr.ee/EconomicWar

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Reposted by Maximilian Hess
Anton Gerashchenko @antongerashchenko.bsky.social · 09/07/2026
The governor of Russia's Lipetsk region demanded that oil companies stop lying and concealing information about disruptions to fuel supplies to the region. (Comment from me: not like that will actually bring more fuel to the region). "It is unacceptable for company representatives to claim at ⤵️
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Iikka Korhonen @iikkakorhonen.bsky.social · 21/01/2026
China's energy imports from Russia, volume, 2025 vs 2024 Crude oil -7% Oil products -24% Coal -7% LNG +17% I guess e.g. imports of Russian crude have hit their ceiling, more or less.
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Maximilian Hess @maxhess.bsky.social · 13/01/2026
Tajikistan's environmentally disastrous dam of corruption, now in its 50th year of construction, reports tens of millions of dollars in losses and hundreds of millions of dollars in 'missing' funds. Same as it ever was! eurasianet.org/audit-raises...
eurasianet.org
Audit raises lots of financial questions about Tajikistan’s Rogun Dam project
Review issues caution about Rogun’s future as ‘going concern.’
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Abe Newman @abenewman.bsky.social · 05/01/2026
9/So what is Europe to do? Not this...It has to wake up and understand that an alternative international order is being put on the table. It is not based on rules but hierarchy and extraction. Tepid finger waging will lead to domination. www.theguardian.com/world/live/2...
theguardian.com
EU affirms ‘principles of national sovereignty’ in cautious response to Trump Greenland threats – Europe live
European Commission spokesperson also declines to rule on whether US intervention in Venezuela was legal
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Rima I Anabtawi @rimaanabtawi.bsky.social · 06/01/2026
“Socotra’s unique form of statehood requires a reference point to the outside world. The labels attached to it are less important than the reality of preserving it.”
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Maximilian Hess @maxhess.bsky.social · 05/01/2026
Amid reports that ≈400 (!) tourists are stranded on the Yemeni island of Socotra, amid Saudi-UAE proxy fights in Yemen, time to reshare this piece I wrote about visiting the island 4 years ago and what de facto Emirati control means for the place & its inhabitants inkstickmedia.com/the-socotri-...
inkstickmedia.com
The Socotri Sovereignty Soliloquy
Breaking down the borders between state, society, and sovereignty on the island where trees bleed.
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Maximilian Hess @maxhess.bsky.social · 03/01/2026
Russia signed a treaty to defend Venezuela just two months ago but its crickets this morning from the Kremlin. Utter humiliation and evidence of just how weak it is globally.
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Maximilian Hess @maxhess.bsky.social · 18/12/2025
Your regular reminder that any Western comopany reporting its assets in Russia as not marked down to 0 for the last 3 years has been essentially defrauding its investors www.ft.com/content/616d...
ft.com
Putin’s retaliation threat over frozen assets rattles EU capitals
Italy, Belgium and Austria worry about Russia moving against their companies
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Maximilian Hess @maxhess.bsky.social · 17/12/2025
Given Putin is obviously going to reject the peace deal (but try and blame it on Kyiv and Europe), more sanctions should be the base case even from the Trump Admin - as I have long argued - rather than the shock so many treated it as in October and will again soon www.bloomberg.com/news/article...
bloomberg.com
US Readies New Russia Sanctions If Putin Rejects Peace Deal
The US is preparing a fresh round of sanctions on Russia’s energy sector to increase the pressure on Moscow should President Vladimir Putin reject a peace agreement with Ukraine, according to people f...
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Maximilian Hess @maxhess.bsky.social · 16/12/2025
The most British way of fighting the British
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Maximilian Hess @maxhess.bsky.social · 13/12/2025
Trump’s Special Representative for Belarus John Coale announced after meeting Lukashenko that Washington will lift sanctions on Belarusian Potash. It’s the second step in the Trump Admin’s easing strategy after sanctions on the airline Belavia were lifted. zerkalo-access.space/news/economi...
zerkalo-access.space
США снимают санкции с беларусского калия
«Мы снимаем санкции, освобождаем заключенных. Мы постоянно говорим друг с другом».
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Maximilian Hess @maxhess.bsky.social · 10/12/2025
Kazakhmys to be sold, the first potential ding to the major oligarchs outside Nazarbayev family since de-Nazarbayevification? Ogay & Kim the old controlling shareholders are longtime regime insiders, theyre also key stakeholders in the larger KAZ Minerals www.mining.com/web/kazakhmy...
mining.com
Kazakhmys says it will have new controlling shareholder
Company ranks 20th in the world in terms of copper concentrate production.
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Maximilian Hess @maxhess.bsky.social · 10/12/2025
Trump Admin extends sanctions deadline for sale of Lukoil's foreign assets by just over one month, until 17 January www.reuters.com/business/aut...
reuters.com
US allows negotiations on Lukoil's foreign assets until January 17
The United States on Wednesday extended a deadline for negotiations on buying the global assets of Russian oil company Lukoil by a little over a month to January 17.
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Maximilian Hess @maxhess.bsky.social · 10/12/2025
I see the ‘defenders of free speech’ are hard at work www.bloomberg.com/news/article...
bloomberg.com
US Plans to Mandate Social Media Checks for Visa-Free Visitors
The US is proposing that foreign visitors provide their social media history over the last five years to enter the country, including those from Australia, Germany, Japan and the UK who can now enter ...
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Reposted by Maximilian Hess
Sven-Erik Volberg @volberg.bsky.social · 08/12/2025
Congress NDAA is 2,5k pages but in general seems total opoosition of WH. Bill locks in long-term support for Ukraine, mandates troop levels in Europe, and codifies the Baltic Security Initiative as US strategy hardens against russia. www.kyivpost.com/post/65767
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Maximilian Hess @maxhess.bsky.social · 08/12/2025
Excellent review & essay by @newlefteviews.bsky.social on thinking about capitalism's role today, including this key reminder that the global economic order is itself responsible for the domestic challenges to it in the US that risk undermining its key patron www.newstatesman.com/ideas/2025/1...
newstatesman.com
How not to talk about capitalism
The more it penetrates our daily lives, the less we seem to understand the “system that runs the world”
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Nitish Pahwa @nitishpahwa.com · 05/12/2025
this is the Dr. Strangelove War Room
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Maximilian Hess @maxhess.bsky.social · 04/12/2025
Meh this is just the license for the retail stations, not sale of the oversees assets
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Reposted by Maximilian Hess
Half-Brick McCurdy @halfbrickmccurdy.bsky.social · 04/12/2025
To those folk saying the latest round of US/Russia talks achieved nothing, delaying the full imposition of US sanctions on Lukoil until April next year is definitely a something.
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Maximilian Hess @maxhess.bsky.social · 04/12/2025
Can anyone recommend some books on Guinea-Conakry? Preferably ones that aren’t just about Sekou Toure
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Anna Gvarishvili @annagvarish.bsky.social · 29/11/2025
Lelo Party member Aleko Elisashvili was arrested this morning. According to the MIA, last night Aleko Elisashvili used a hammer to break the window of Tbilisi City Hall’s chancellery, entered the building, poured gasoline on documents, and attempted to set them on fire. 1/
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Maximilian Hess @maxhess.bsky.social · 20/11/2025
Congrats to @joannalillis.bsky.social on the London launch of Silk Mirage: Through the Looking Glass in Uzbekistan
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Maximilian Hess @maxhess.bsky.social · 19/11/2025
OFAC clarifies that it is Trump Admin’s policy that it will only approve of sales of Lukoil International’s assets (which Gunvor was willing to pay $22 billion for) if that sale does not see money actually flow to Lukoil while sanctions on Lukoil remain ofac.treasury.gov/faqs/1224
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Maximilian Hess @maxhess.bsky.social · 16/11/2025
Cab driver in Zimbabwe started spontaneously telling me about how he hates Russia for what they’ve done to Ukraine #TakeThatThomasFriedman
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Maximilian Hess @maxhess.bsky.social · 31/10/2025
Off to South Africa, Zimbabwe, E-Swatini, Mozambique, Zimbabwe and Zambia for the next 20 Days. Don't @ me please. :)
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Maximilian Hess @maxhess.bsky.social · 31/10/2025
Big weeks in sanctions developments, but the fate of Lukoil's proposed sale of its foreign assets to Gunvor and belatedly sanctions-afflicted refiner NIS in Serbia will set major precedents, more from me here: conflictandcredit.substack.com/p/sanctions-...
conflictandcredit.substack.com
Sanctions Swords of Damocles hang over Lukoil International & Serbia's NIS
A deal laden with political risks, and precedent potential in Belgrade
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Maximilian Hess @maxhess.bsky.social · 28/10/2025
башня Татлина жив! Но, в Англии (Tatlin’s tower lives, but in England…)
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Maximilian Hess @maxhess.bsky.social · 21/10/2025
Quite the geo-economic day in the Caucasus, Russia ships oil to refinery in Georgia for the first time (Georgia didn't have a refinery before) Kazakh wheat shipped via Azerbaijan to Armenia, a first since USSR's collapse t.co/31RbvV2HC4 t.co/msA5cowQvx
t.co
https://www.reuters.com/business/energy/russia-ships-first-oil-new-refinery-georgia-2025-10-21/
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OC Media @ocmedia.bsky.social · 17/10/2025
Georgian authorities have arrested five Russian nationals involved in a suspected wide-reaching illegal scheme using cryptocurrency. oc-media.org/five-russian...
oc-media.org
Five Russians arrested in Georgia over alleged money laundering, crypto scheme
The operation reportedly involved the unregulated trade of ‘hundreds of millions of lari’.
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Maximilian Hess @maxhess.bsky.social · 17/10/2025
Georgian government has raided home of ex prosecutor general Partskhaladze (US sanctioned for working with FSB), i former head of the State Security Service Liluashvili & former two time premier Irakli Gharibashvili Falling out been rumored for a while… but wow tvpirveli.ge/ka/siaxleebi...
tvpirveli.ge
ჩხრეკა ჩატარდა ღარიბაშვილის, ლილუაშვილის, ფარცხალაძის საცხოვრებელი სახლებში | TV პირველი
ამოღებულია ელექტრონული მოწყობილობები
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Maximilian Hess @maxhess.bsky.social · 16/10/2025
To be fair, Stripe’s publishing arm published a book last year claiming that bubbles are good. I did not find it convincing… www.stripe.press/boom
stripe.press
Boom: Bubbles and the End of Stagnation
A timely investigation of the causes of technological and scientific stagnation, and a radical blueprint for accelerating innovation.
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Maximilian Hess @maxhess.bsky.social · 15/10/2025
To quote a colleague, "Tamerlane would be proud"
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Sven-Erik Volberg @volberg.bsky.social · 02/10/2025
Poland captures a GRU agent on terrorist charges. Attacks in Poland, Lithuania and Germany were planned using drones with explosive materials warszawa.wyborcza.pl/warszawa/0,0...
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Maximilian Hess @maxhess.bsky.social · 07/09/2025
Since Russia’s full scale invasion of Ukraine in 2022, Putin has had 3 asks of Xi: military & political support for war, a deal on Power of Siberia 2, & unrestricted access to Chinese financial markets. In the last 10 days, he’s gotten close to clinching latter two on.ft.com/3JJUqBD
on.ft.com
China paves way for renminbi fundraising by Russian energy giants
Russian ‘panda bond’ sales would be first since 2017 and reflect deepening ties between Moscow and Beijing
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Maximilian Hess @maxhess.bsky.social · 04/09/2025
Kazakhstan's foreign minister Murat Nurtleu detained alongside Dagestani-Kazakh businessman Gadzhi Gadzhiev orda.kz/zaderzhany-m... unclear if related but Gadzheiv was accused of involvement in journalist Aydos Sadykov's assassination in Ukraine last year rsf.org/en/journalis...
orda.kz
Задержаны Мурат Нуртлеу и Гаджи Гаджиев
По данным «Орды», задержаны министр иностранных дел Мурат Нуртлеу, бизнесмен Гаджи Гаджиев и несколько высокопоставленных сотрудников КНБ.
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Finbarr Bermingham @fbermingham.bsky.social · 27/08/2025
Rare to hear an EU official speak as candidly as Weyand here “From the Commission’s perspective this was a strategic trade-off, not an economic policy ideal solution" “There was a risk that the USA, in return, would question the security partnership. That is the realpolitik of the turning point"
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The Kyiv Independent @kyivindependent.com · 28/08/2025
⚡️Ukraine hits Russian cruise missile carrier near occupied Crimea, intelligence claims. Ukrainian military intelligence (HUR) hit a Russian Buyan-M-class small missile ship, a carrier of Kalibr cruise missiles, near Russian-occupied Crimea in the Azov Sea on Aug. 28, HUR reported.
kyivindependent.com
Ukraine hits Russian cruise missile carrier near occupied Crimea, intelligence claims
Ukrainian military intelligence (HUR) hit a Russian Buyan-M-class small missile ship, a carrier of Kalibr cruise missiles, near Russian-occupied Crimea in the Azov Sea on Aug. 28, HUR reported.
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Marta Kos @martakos.ec.europa.eu · 28/08/2025
The EU Delegation in Kyiv was damaged by today’s Russian strikes on civilian areas. I strongly condemn these brutal attacks, a clear sign that Russia rejects peace & chooses terror. Our full solidarity goes to EU staff, their families, & all Ukrainians enduring this aggression.
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Maximilian Hess @maxhess.bsky.social · 28/08/2025
China’s first confirmed purchase of LNG from Russia’s U.S.-sanctioned Arctic 2 LNG site shows Trump’s secondary sanctions threat is weakening in the face of his policy flip-flopping gcaptain.com/russias-arct...
gcaptain.com
Russia’s Arctic LNG 2 Delivers First Cargo to China After Year-Long Wait, Signaling Possible Shift in Beijing’s Sanctions Stance
A gas carrier in service of Russia’s sanctioned Arctic LNG 2 project has docked at a Chinese terminal for the first time, ending more than a year of uncertainty for one of Moscow’s most ambitious ener...
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Maximilian Hess @maxhess.bsky.social · 20/08/2025
Doggo enjoying the Holland Park Opera’s practice sessions
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Robert Wolfe @bobwolfe.bsky.social · 20/08/2025
"In June, 81% of 🇨🇦 exports qualified as USMCA-compliant, up from 56% month before. 🇲🇽 saw a similar move, with 77% of shipments clearing the bar versus just 42% in May. .. helped blunt ... tariffs that technically set rates at 35% for Canada and 25% for Mexco." www.tradingview.com/news/gurufoc...
tradingview.com
U.S. Tariffs Ease With Canada, Mexico Shift
America's effective tariff rate ticked down to 16% in July from 17% earlier in the month, Fitch Ratings said, thanks to a surge in tariff-free imports from Canada and Mexico under the USMCA trade pact...
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Maximilian Hess @maxhess.bsky.social · 20/08/2025
Almost every year I’ve attended, I’ve noticed at least 2/3rds of all artists exhibiting at the Venice Biennale are based in Berlin
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Foreign Policy Research Institute @fpri.bsky.social · 18/08/2025
Europe and Ukraine have to change their approach towards Trump or risk ceding more ground to Russia. Read more by @maxhess.bsky.social. buff.ly/0Mchs9j
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Maximilian Hess @maxhess.bsky.social · 11/08/2025
Idk what’s crazier, the CIA-KGB combined mortgage financing or the $40k upper east side two bedroom apartment
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Maximilian Hess @maxhess.bsky.social · 09/08/2025
Trump’s envoy - who has infamously & stupidly relied on the Kremlin’s translators for meetings with Putin - reportedly misunderstood Putin who wasn’t offering Russian withdrawals from Kherson and Zaporizhzhia but restating his maximalist demands. www.bild.de/politik/ausl...
bild.de
„Friedlicher Rückzug“: Hat Trumps Mann Putin falsch verstanden?
Verwirrung um Ukraine-Friedensgipfel: Witkoff missinterpretiert Putins Forderungen.
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Maximilian Hess @maxhess.bsky.social · 08/08/2025
If Trump agrees to this stupidity, it will be a devastating mistake. There is a zero percent chance Putin would follow through with the second phase.
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The Moscow Times @themoscowtimes.com · 25/07/2025
A large number of these investigations center on the construction of defensive fortifications in Russian regions bordering Ukraine.
themoscowtimes.com
Dozens of Russian Regional Officials Arrested on Corruption Suspicions in 2025 – Report - The Moscow Times
A growing number of Russian regional officials are facing criminal investigations as authorities intensify a crackdown on alleged corruption across regional governments.
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Maximilian Hess @maxhess.bsky.social · 18/07/2025
Xi set to invite Trump & Putin to meet in Beijing on September 3rd. Incidentally thats deadline day for Trump's 50 day threat for enacting 50% secondary tariff against Russia if no Ukraine deal. My previous max 5% chance Trump would follow through fast approaching 0% www.thetimes.com/world/asia/a...
thetimes.com
Why Xi wants Trump and Putin to meet for war commemorations
As China revises its attitudes to the Second World War it is also looking to reset its relationship with the US president and set up a summit with Russia
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Maximilian Hess @maxhess.bsky.social · 14/07/2025
A new post from me on emerging structures of financing international litigation - and - in my opinion - what works, and what doesn't conflictandcredit.substack.com/p/how-not-to...
conflictandcredit.substack.com
How (Not) To Finance International Lawsuits
Risky Litigation Business
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Maximilian Hess @maxhess.bsky.social · 10/07/2025
The big thing to watch for in Trump’s demand for new waiver authority in the Russia sanctions bill working its way through Congress is if he looks for changes to how CAATSA protected previous sanctions from being withdrawn without Congress’ support www.politico.com/news/2025/07...
politico.com
Trump is interested in new Russia sanctions. But there’s a catch.
As support builds behind a bipartisan bill, the White House is seeking changes that would expand the president's control.
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