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Undeterred by eight years of timid US sanctions, Vladimir Putin ordered his full-scale assault on Ukraine on 24 February 2022. In the hours that followed, Western leaders weaponized economic tools in a world-changing financial experiment. The goal was to sap the strength of Putin’s war machine by damaging its economy, without risking a global recession in the process. In Punishing Putin, veteran journalist Stephanie Baker uncovers how this furious financial war has unfolded, from seizing superyachts to manipulating the global price of oil to blocking the sale of military technology. Baker reveals how the West mobilized an army of white-collar-crime investigators to crack down on illicit Russian money, targeting oligarchs and their enablers for sanctions evasion. Filled with propulsive, fly-on-the-wall details, Punishing Putin takes us into the frantic backroom deliberations that led to a whole new era of economic statecraft and radically rearranged global alliances, influencing world order for generations to come.