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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Sanctions
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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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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Trade fragmentation matters for bank credit supply
Claudia Buch, Linda Goldberg and Björn Imbierowicz discuss new evidence from the International Banking Research Network on how trade uncertainty can be amplified through the supply of credit
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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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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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