Articles
Sanctions and the Economy
Gain insights into the how sanctions and other economic tools can be leveraged to stop Russia's unprovoked aggression against Ukraine.
Ukraine Is Essential to Europe’s Post-American Defense
Given the growing doubts about American security guarantees, Ukraine is now the first and by far most effective line of defense for Europe. It should therefore be recognized as a key element of Europe’s defense perimeter, with access to European funding, technology, networks, and intelligence.
North Korean Troops Join Russia’s Fight in Ukraine: A Dangerous New Alliance Emerges
As Russia’s full-scale invasion concludes its third year, Ukraine is facing ever-greater threats. It was recently reported that North Korea is sending over 10,000 soldiers to train in Russia, with 3,000 deploying, marking the first time that any foreign country directly joins the war.
Ukraine Needs a “Victory First” Aid Strategy
While Western countries have been generous in supporting Ukraine since Russia’s full-scale invasion in 2022, their financial assistance can be used only for non-military purposes. Instead of deploying aid this way, which creates distortions that undermine Ukraine’s war effort, foreign donors should directly fund defense spending.
Time to introduce an oil-for-food program for Russia
Russian oil revenues today are higher than in 2021. It’s time to change the sanctions policy. Next year, Russia’s military expenditures will be at least $145
Strategic Insights
Gain insights into the painful truth on the ground in Ukraine, as well as long-term impact of Russia’s actions.
Ukraine Is Essential to Europe’s Post-American Defense
Given the growing doubts about American security guarantees, Ukraine is now the first and by far most effective line of defense for Europe. It should therefore be recognized as a key element of Europe’s defense perimeter, with access to European funding, technology, networks, and intelligence.
North Korean Troops Join Russia’s Fight in Ukraine: A Dangerous New Alliance Emerges
As Russia’s full-scale invasion concludes its third year, Ukraine is facing ever-greater threats. It was recently reported that North Korea is sending over 10,000 soldiers to train in Russia, with 3,000 deploying, marking the first time that any foreign country directly joins the war.
Ukraine Needs a “Victory First” Aid Strategy
While Western countries have been generous in supporting Ukraine since Russia’s full-scale invasion in 2022, their financial assistance can be used only for non-military purposes. Instead of deploying aid this way, which creates distortions that undermine Ukraine’s war effort, foreign donors should directly fund defense spending.
Russia’s Losses in Ukraine Are Reshaping the Middle East
Mass protests have again shaken Iran, and the regime looks more vulnerable—economically, militarily, and politically—in 2026 than it has been in decades. A key but often overlooked reason for this vulnerability is that Russia no longer has the capacity to meaningfully support its most important Middle Eastern partner.
Analyses and Proposals
Gain insights into how governments, organizations, and the international community can take actionable measures to end the war and rebuild Ukraine.
The (projected) cost of Russian aggression
The 2022 Russian invasion of Ukraine marked an end to stability in Europe. This column analyses the economic effects for Ukraine, Russia, as well as
The future of the financial sector in Ukraine and the EU: policy discussions at the 9th NBU conference
On June 19-20, the National Bank of Ukraine organized a traditional conference discussing both economic research and policy issues. In this article, we summarize three policy discussions
Ukraine and Europe
Chapter 31 of the CEPR eBook The Economic Consequences of The Second Trump Administration: A Preliminary Assessment. The barbaric Russian full-scale invasion of Ukraine has
Replacing foreign aid: A macroeconomic plan B for Ukraine (and Europe)
Ukraine is in a war of attrition that may continue for a long time. In the 2022 CEPR Rapid Policy Response “Macroeconomic Policies for Wartime
Rebuilding Ukraine
The damage to Ukraine’s infrastructure and economy from Russia’s war already exceeds $700 billion. Along with other economists and stakeholders, we are developing frameworks and collaboration networks to support the current and future reconstruction efforts. Learn more.
