Russia’s war on Ukraine is the greatest violation of international order and the greatest direct challenge to American interests in the past twenty years. As Russia’s military has failed on the battlefield, the Kremlin had waged a deliberate war on Ukrainian civilians and the Ukrainian economy. Estimates suggest that Ukraine’s GDP has fallen by up to 50 percent and the Ukrainian government needs $5 billion monthly from the international community to sustain operations.
The World Bank estimates that Ukraine needs $350 billion in aid for reconstruction and recovery, while some economists say the figure could be as high as $600 billion. At the same time, Western governments have frozen more than $300 billion in Russian financial assets since Moscow’s full-scale invasion in February 2022. There are growing calls for using frozen Russian assets to sustain Ukraine’s economy during the war and eventually to pay for Ukraine’s reconstruction. At the same time, others fear that doing so would undermine the integrity of the international financial system, even though there are precedents for this.
Secretary Lawrence H. Summers
Former US Secretary of the Treasury;
Charles W. Eliot University Professor and President Emeritus
Professor of History
University of Virginia;
Former Counselor of the United States Department of State
Ambassador Robert Zoellick
The New Yorker
Europe in crisis
War in Ukraine
In February 2022, Moscow launched an all-out invasion of Ukraine after a months-long military build-up, threatening the country’s sovereignty and its future. This existential moment for the country follows the 2014 Maidan revolution, a nexus for Ukraine’s Europe-focused foreign policy and reform efforts. The ensuing Russian invasion and occupation of Crimea, aggression in Ukraine’s east, and Kremlin disinformation efforts, cast a shadow over Ukraine’s independence.
UkraineAlert Sep 27, 2023
Ukraine’s counteroffensive is making real progress on the Crimean front
By Peter Dickinson
Ukraine’s escalating attacks in Crimea are steadily undermining Russia’s invasion and are a reminder that the Ukrainian counteroffensive is not limited to the relatively static front lines of the war, writes Peter Dickinson.
UkraineAlert Sep 20, 2023
Zelenskyy tells United Nations: Russia is committing genocide in Ukraine
By Taras Kuzio
Ukrainian President Volodymyr Zelenskyy told the UN this week that Russia is committing genocide in Ukraine. Efforts to legally prove genocidal intent will likely focus on the genocidal rhetoric of Putin and other Russian leaders, writes Taras Kuzio.
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