The landmark US aid bill signed by President Biden on April 24 has visibly boosted morale in Ukraine. Many analysts believe the $61 billion package will significantly improve Ukraine’s military outlook, easing months of critical supply shortfalls and creating new opportunities to strike back at the invading Russian army. While most attention has so far
Shortly after the second anniversary of Russia’s full-scale invasion of Ukraine on February 24 comes the second anniversary of Western countries imposing an unprecedented package of sanctions on Russia. The boldest measure within this—the immobilization of the reserves that Russia’s central bank was storing in the West—was designed to cause such shock and awe to
Visitors to today’s Ukraine are often surprised to find that away from the front lines, everything looks so normal. Most people in central and western Ukraine have returned home. Shops and restaurants in towns and cities across the country are open and fully stocked. Everything functions, including mobile phone networks, internet, electricity, and public transport.
New data show that the Israeli government has issued more than five billion dollars in bonds in the past several weeks in an effort to stabilize its economy and fund its war effort. A recent report suggests that Israel is paying a much higher yield on those bonds than it did only a few months
For eighteen months, half of Russia’s six hundred billion dollars in foreign exchange reserves have been out of the Kremlin’s reach. The coordinated blocking by Group of Seven (G7) powers and like-minded capitals has worked to this extent. But the debate concerning how to put the funds to good use remains unresolved. Influential voices have
