Economists for Ukraine


A Blueprint for the Reconstruction of Ukraine

A Blueprint for the Reconstruction of Ukraine, by Torbjörn Becker, Barry Eichengreen, Yuriy Gorodnichenko, Sergei Guriev, Simon Johnson, Tymofiy Mylovanov, Kenneth Rogoff, and Beatrice Weder di Mauro, is designed to give an overview of a possible reconstruction project for Ukraine.
By The Centre for Economic Policy Research

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The International Working Group on Russian Sanctions

The International Working Group on Russian Sanctions is comprised of a number of independent, international experts. The group is focused on recommending new economic and other measures to pressure Russian President Vladimir Putin to end his invasion of Ukraine and restore Ukraine’s territorial integrity.
By Anastassia Fedyk, Tania Babina, Tetyana Balyuk, Ilona Sologub, James Hodson, and Yuriy Gorodnichenko

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Assessing the Impact of International Sanctions on Russian Oil Exports

We use a unique high-frequency Russian customs data to evaluate the impact of international sanctions on Russia. We focus on Russian crude oil and oil products exports, as they are the key sources of export revenues and government finances. We find that Russia was able to redirect crude oil exports from Europe to alternative markets such as India, China, and Turkey with no loss of volumes. In particular, we find that Russian oil exports from Pacific Ocean ports, which are critical for trade with China, do not comply with the G7 price cap.

By Tania Babina, Benjamin Hilgenstock, Oleg Itskhoki, Maxim Mironov, and Elina Ribakova

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What game theory can tell us about the war in Ukraine

As economists specializing in behavioral economics and game theory, we teach strategic concepts from game theory to our business students. The same ideas can help us understand Russia’s current moves, predict its future behavior and derive the best strategies to achieve long-term goals.

By Anastassia Fedyk and David McAdams

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No justice, no peace?

Peace treaties don’t always bring peace. Sometimes they only change the form of war. As the world anticipates hopefully an end to the Russian invasion of Ukraine, and some observers suggest that peace may come at the cost of Ukrainian territory, it’s important to remember that the short-term joy that will almost certainly accompany peace could be merely a prelude to years or decades of carnage unless the peace is just and stable.

By Dan O’Flaherty

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Time to Save Higher Education in Ukraine is Running Out

As the new academic year approaches, government officials, faculty, administrators, and students are tackling the massive challenges of keeping education going in wartime. The survival of many Ukrainian universities is now at stake due to lack of funding, displaced staff and students, and destroyed infrastructure.

By Tatyana Derugina and Margaryta Klymak

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Why the disclosure of natural gas origins is important for Ukraine

The EU has banned most of Russia’s oil exports, but little action has been taken on natural gas trade. This column argues for a disclosure requirement targeted at gas traders, detailing the share of gas they buy from Russian sources. Such a measure would address the information deficit for consumers and empower supportive citizens and businesses to switch away from Russian gas. As an additional benefit, this measure would accelerate the clean energy transition in Europe.

By Iryna Sikora and Boris Vallee

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Why We Should not Allow Putin to Turn Russia-Ukraine War into a Frozen Conflict

After failing to capture Kyiv, the Kremlin focused its efforts on seizing and holding Donbas region and the south of Ukraine. In Donbass, Kremlin’s scorched-earth tactics have recently stalled. Russia’s slow advance in Ukraine combined with substantial military casualties mean that Putin desperately needs a pause in the war to regain his army’s weakening strength. This may temporarily freeze the conflict, but it will not bring a permanent peace to Europe.

By Olena Stavrunova and Mats Marcusson

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Full energy embargo: short-term pain for a brighter future

Russia is one of the top three fossil fuel producers in the world, and its economy relies heavily on revenues from oil and natural gas. A full embargo on Russian energy today by the EU alone would already decrease its GDP per capita by 1,500-2,500 USD (or 10 to 25%), a significant reduction to weaken Moscow’s capacity to sustain its aggression against Ukraine.
By Kevin Berry and Iryna Sikora

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Moscow’s Gas Freeze Shows EU-Russian Trade Is Doomed

Since Feb. 21, unprecedented sanctions have not only targeted important sectors of the Russian economy but also frozen Russian central bank reserves. The idea was to impose severe economic pain on Russia and indirectly affect its ability to sustain a prolonged war. But today, the situation has reversed, and Russia is self-sanctioning by restricting its gas supplies to the EU. Instead of reaping the revenue from the gas sale over the long term, Russia is choosing to cut the gas flow.
By Oleg Korenok and Swapnil Singh

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