Russia is a more complex case. As Applebaum notes: “We could enforce our own laws and stop turning a blind eye to Russian money laundering, most of which takes place in European capitals. The city of London and the gnomes of Zurich might pay a price for the loss of Russian clients. But that price will still be far lower than the potential costs of doing nothing. We don’t want a new Cold War – but even that would be preferable to a new world war. And if we don’t come up with a serious strategy to prevent one, that’s what we’ll get.”