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Event Recap

Mar 11, 2020

Atlantic Council press call: Oil market meltdown: Price wars, coronavirus, and energy geopolitics

Last week’s breakdown of OPEC+ meetings in Vienna has turned a demand side driven decline in oil prices caused by the impacts of Coronavirus into an oil price war between two oil producing giants, with US shale production the ostensible target. If the standoff continues, however, the price war might ultimately do more harm to the Saudi and Russian economies. With increasing uncertainty about the depth of Coronavirus’ impact on global growth, the price war might also contribute to a sharp decline in the global economy. Helima Croft, David L. Goldwyn, Jean-Francois Seznec, Anders Aslund, and Randolph Bell discuss ongoing market volatility, the origins of the crisis, what’s next for US shale, and the implications of it all for energy and geopolitics

Coronavirus Energy & Environment

UkraineAlert

Mar 10, 2020

Coronavirus crisis: Ukraine needs IMF support not political purges

By Anders Åslund

President Zelenskyy's sudden purge of his reformist cabinet has shaken confidence in the Ukrainian economy at a time when global markets are facing a mounting coronavirus crisis - could an IMF deal be the solution?

Coronavirus International Financial Institutions

UkraineAlert

Mar 10, 2020

Water for peace: Ukraine tests public opinion on a very dangerous deal

By Mykola Vorobiov

A number of politicians from President Zelenskyy's ruling party have recently spoken out in support of renewing water supplies to Russian-occupied Crimea. Is Zelenskyy preparing public opinion for a grand bargain to secure peace in eastern Ukraine?

Conflict Energy & Environment

New Atlanticist

Mar 10, 2020

Idlib presents Europe with another migration test

By David A. Wemer

"The case should be made for a partial reengagement of Europe towards Turkey," Ambassador Michel Duclos says. "A coalition of willing should help Turkey—especially in the field of counterterrorism—to assure an effective implementation of the Moscow agreement as the only way to avoid the above scenario of a reconquest of the region by Assad."

Conflict European Union

UkraineAlert

Mar 9, 2020

MH17 court case: Putin’s Ukraine war goes on trial

By Yaroslav Dovgopol

This week a court in the Netherlands begins hearing the case against three Russians and one Ukrainian charged with involvement in the 2014 downing of flight MH17. In reality, Putin's entire Ukraine war is on trial.

Conflict Russia

New Atlanticist

Mar 9, 2020

Time for the European Union to reassert itself in the UN Security Council

By Peter Pindják

Brexit has not only cost the European Union (EU) one of its members, but also a coveted permanent seat at the UN Security Council (UNSC). The UK and France often provided a reliable tandem for the European Union at the UNSC, but now London and Paris may start to diverge more prominently, since the UK is no longer obliged to coordinate its positions with EU member states through Article 34 of the Lisbon Treaty. To retain its influence and maintain its global geopolitical ambitions, the EU should look for another permanent seat on the UNSC.

European Union United Nations

New Atlanticist

Mar 9, 2020

Saudi Arabia and Russia feud over coronavirus oil response: Will everyone lose?

By David A. Wemer

"While Russia’s decision last week not to support OPEC’s proposal for a production cut and the subsequent oil price war—which as of publishing has pushed Brent crude down more than 9 percent—is surely part of the larger story of the economic impacts of the coronavirus outbreak, it is actually better understood as a geopolitical story about how US energy production growth has strengthened the United States’ international posture, which in turn has reshaped a number of global relationships," Randolph Bell says.

Coronavirus Energy Markets & Governance

In the News

Mar 7, 2020

Bryza joins TVP (Polish) to discuss British military exercises in Belarus and Russia’s relations with Belarus and Turkey

By Atlantic Council

Belarus Europe & Eurasia

Issue Brief

Mar 6, 2020

Russia’s exotic nuclear weapons and implications for the United States and NATO

By Matthew Kroenig, Mark J. Massa, Christian Trotti

Great-power competition has returned, and with it, the importance of nuclear weapons in international politics.

Defense Technologies Nuclear Deterrence

New Atlanticist

Mar 6, 2020

French minister: Europe is ready to prove its strength

By David A. Wemer

Despite anxiety about the state of the European Union in the face of Brexit and political populism, French Minister of State for European Affairs Amélie de Montchalin argued that there is growing evidence that Europeans are “starting to see Europe as capable of being strong [and] sovereign.” Recent joint European actions and renewed focus on building Europe’s ability to act autonomously has proved “that we can use the capabilities that we have, the power we already have, to take initiative,” de Montchalin said at the Atlantic Council on March 6.

European Union Politics & Diplomacy

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