A critical element of Russia’s strategy against Ukraine is its systematic effort to destroy Ukraine’s energy infrastructure. By bombing Ukraine’s power grid, Moscow aims to disrupt the Ukrainian war effort, cripple the Ukrainian economy, and demoralize Ukrainians. The country is currently braced for widespread blackouts during the coming winter months. Since March 2024, Russia has
The Financial Times has this week reported that Ukraine and Russia are engaged in preliminary talks over a possible mutual pause in air strikes against energy infrastructure. The news has sparked a degree of guarded optimism, with some speculating that a limited agreement protecting energy assets in both countries could pave the way for broader
The ongoing Israel-Iran hostilities risk disrupting global oil markets and reigniting inflation. But the United States and its allies should not hesitate to release strategic reserves if this conflict threatens to spike oil prices. The US Strategic Petroleum Reserve (SPR) of crude oil is currently well-stocked for domestic needs. After accounting for fifty-two-week averages of
As the anniversary of Hamas’ devastating October 7 attack on Israel approaches and the escalation of the Israel-Gaza war continues, tensions in the Middle East show no signs of receding. Iran’s role in supplying, training, and facilitating attacks from Hamas, Hezbollah, and the Houthis is well-known, but fears persist that dismantling this network will lead
Ukrainian President Volodymyr Zelenskyy presided over his government’s largest wartime reshuffle in early September, with nine ministries getting new permanent leadership. As the news filtered into Western capitals, media and experts alike scrambled to make sense of the changes. Back in Kyiv, many lawmakers and analysts appeared relatively unmoved by the announcements, in contrast to
Russian bombing of Ukraine’s civilian energy infrastructure has forced millions of Ukrainians to spent the summer months adjusting to rolling power blackouts, with record high temperatures adding to the practical challenges of living without electricity. The Ukrainian response to this latest episode of wartime adversity has been marked by typical grit, resourcefulness, and good humor.
Not so long ago, the annual St. Petersburg International Economic Forum (SPIEF) was widely seen as one of the “be there or be square” events for the world’s business elites, political leaders, and global influencers. Often called Russia’s Davos, SPIEF takes place every June in Russia’s second city, which also happens to be Vladimir Putin’s
“United in defense, united in recovery, stronger together,” was a key slogan at the 2024 Ukraine Recovery Conference (URC) held in Berlin on June 11-12. It is an apt summation of Ukraine’s aspirations as it copes with the unprecedented destruction of approximately half of the country’s electric power and district heating capacity by targeted Russian
Electricity blackouts are the new normal in Ukraine as the country struggles to cope with the consequences of a devastating Russian air offensive that has destroyed around half of Ukraine’s wartime power-generating capacity since the start of 2024. Millions of Ukrainians are now adapting to the reality of regular power cuts, with electricity in many
Politicians, diplomats, and business leaders will gather in Berlin in early June to mobilize international support for the reconstruction of Ukraine. This latest postwar recovery conference is certainly a welcome initiative, but it is also painfully clear that today’s Ukraine has far more urgent needs. As the summer season begins, millions of Ukrainians across the
