Commentary / World Jun 16, 2023
Preparing for Ukraine’s reconstruction
With the estimated cost of Ukraine’s postwar recovery reaching hundreds of billions of dollars, Western governments must develop a cohesive and unified strategy.
With the estimated cost of Ukraine’s postwar recovery reaching hundreds of billions of dollars, Western governments must develop a cohesive and unified strategy.
Owing to Vladimir Putin’s war in Ukraine and the West’s response, hundreds of billions of dollars’ worth of assets are up for grabs in Russia.
By establishing a buyers’ cartel to impose a price cap on Russian crude, the West could achieve its goal of defunding Russia's war machine.
So great is Putin's Ukraine blunder that he may now have rendered Russia a failed state — a political or economic system that has become so weak that the government is no longer in control.
With Russia's economy faltering, Vladimir Putin may be seeking a military victory to turn around his tanking political fortunes.
Russia's recent aggressive moves have multiple objectives. But the Kremlin’s greatest desire is to divide and weaken the European Union.
The Crimea sanctions have had the intended economic effect. Whereas Central and Eastern Europe’s GDP has grown by 3% to 5% per year since 2014, Russia’s has stagnated.
Make no mistake: by denying Ukraine’s right to independence, Putin is setting the stage for war. The West must quickly decide what it is willing to do to prevent it.
Lacking secure property rights and being subject to Western sanctions, Russia can attract only fools and crooks.
Putin’s Russia is shakier than most believe.