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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Russia
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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Will the European Union price cap on Russian oil work?
The G7 Russian oil price cap is an ambitious but untested instrument. Ben McWilliams, Simone Tagliapietra and Georg Zachmann argue that, despite pitfalls, the cap has the potential to be the most of potent sanctions
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Pulling the curtain on Russian myth making
Nikolai Levin writes behind the Kremlin’s threats and bluster lies a broken country that has never really made it to the 20th century, let alone the 21st
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The West must learn to understand power politics
The belief in Western Europe is that European integration and international trade are automatic promoters of peace. Patrick van Schie says much of the world continues to think it is power that counts
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Deceiving West and ‘detached’ elites
Vladimir Putin portrays Russia as the victim, saying that western sanctions had ‘replaced the pandemic’ as a threat to the world order
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