‘A riveting tale of betrayal and lawlessness by the Russian Government, told by the most successful US investor in Russia’ – Ambassador John Sullivan, US Ambassador to Russia 2020–22

It is dawn on Thursday, 14 February 2019, and armed FSB agents are raiding Michael Calvey’s Moscow apartment.

He is being arrested for a crime that never happened.

Twenty-eight years earlier, Calvey – a newly graduated, aspiring Wall Street hotshot – made a short trip from America to the recently collapsed USSR to look at potential investments. Sensing huge opportunity, he soon based himself in Moscow, where he lived through the ‘Wild East’ years and went on to build several billion-dollar funds – earning enormous returns for Western investors as Russia opened up to international business. He gained a reputation that would lead to Bloomberg describing him as ‘a legend in the Russian market, with a reputed aversion to any kind of foul play’.

But now, he finds himself thrown into Moscow’s notorious Matrosskaya Tishina prison on charges trumped up by local business rivals. As the White House and Kremlin argue about his incarceration, Calvey is caught in a Kafka-esque trap, denied access to evidence proving his innocence.

Odyssey Moscow is the story not just of Michael Calvey, but of how Russia’s era of hope and aspiration finally died, and how light can be found in the darkest of places.

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‘Chokepoints is a masterful narrative of US economic warfare in the 21st century.’ Financial Times

‘Chokepoints is a compelling and dramatic narrative about the new shape of geopolitics’ Wall Street Journal

’A gripping, firsthand account. Unparalleled.’ Chris Miller, author of Chip War

Globalisation was once hailed as the great leveller, bringing prosperity to all. But the world has changed. As Russia, China and Iran have sought to upend the international order, America and its allies have mounted unprecedented economic retaliation. The global economy is now a weapon of war.

Chokepoints is a thrilling behind-the-scenes account of one of the most pivotal geopolitical shifts of our time. Drawing on extensive research, personal experience and interviews with key players, Edward Fishman, a former top US State Department official, takes us deep into the back rooms of power around the world. Here we meet an eclectic group of innovators: the diplomats, lawyers and financial whizzes who’ve masterminded a fearsome new arsenal of economic weapons, exploiting Western dominance in global finance and technology, and harnessing the power of Wall Street, the City of London and Silicon Valley to confront a rising authoritarian axis.

The sanctions against Russia might be the biggest coordinated act of economic warfare we’ve seen, but it won’t be the last. Control over modern-day chokepoints – such as the US dollar, advanced microchip technology and critical energy supply chains – has become the key to geopolitical power in the twenty-first century. The result is an economic arms race among great powers and a fracturing global economy. Utterly gripping and brimming with rare insight, Chokepoints is indispensable reading to understand the forces that will shape our world for decades to come.

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