EU navigates future challenges
Hungary has assumed the rotating presidency of the European Union. James Willn asks if the EU has insulated itself from internal exceptionalism on sanctions
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Russia
Debt financing European air defence
Europe is vulnerable to missiles and air attacks. Armin Steinbach and Guntram Wolff argue the case for financing European air defence through issuance of EU debt
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Harvesting windfall profits from Russian assets
Russia has huge assets in the EU. Armin Steinbach on the challenge of using these assets to craft a syndicated loan for Ukraine backed by G7 members that strikes a fair deal on burden sharing
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How the Ukraine war changed the global sanctions landscape
The sanctions imposed have created significant uncertainty and complex compliance challenges. Brent Connor, John Pearson, Henrietta Worthington and Jaime Rosenberg write that businesses will need to ensure their compliance processes are in order and adapt to any further changes
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Economic warfare: lessons from two World Wars
Present-day sanctions have their origins in economic warfare in the two World Wars. Mark Harrison reviews that experience and the lessons we can learn
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The Russian war economy: macroeconomic performance
The Russian economy has performed better than many expected since the war in Ukraine started. Marek Dabrowski argues that the financial burden will be felt for some time
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Sanctions against Russia will worsen its already poor economic prospects
Sanctions, coming on top of longstanding domestic shortcomings, are gradually weakening Russia. Elina Ribakova argues countries opposing Russia’s war on Ukraine should keep up the pressure
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Ukraine’s needed post-war institutional changes
Tymofiy Mylovanov and Gerard Roland argue that Ukraine must strive to become a full-fledged liberal democracy and identify priorities for the country’s institutional reconstruction
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The evolution of Russia sanctions in 2022
Russia’s entry into Ukraine set off an unprecedented wave of sanctions and export controls. Nancy Fischer, Steven Farmer and Iris Karaman review the impact on Russia and the global economy
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To cap or not to cap: the deal Europe needs on energy prices
Simone Tagliapietra, Georg Zachmann and Jeromin Zettelmeyer argue that a EU gas price cap would be counterproductive, but the reasons why it is supported widely must be addressed
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