Illustration by Anuj Shrestha
Summary.
At 8:00 AM on a gray March morning, the CEO of a fast-growing biotech company clicked “join” on a video call with her senior team. In the past 24 hours, new sanctions in Eastern Europe had forced their main supplier to halt shipments. The sanctions also slammed the local currency, driving up the cost of the company’s foreign debt by several million dollars.
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