Interest in the interest is growing. Over the past three days, Group of Seven (G7) finance ministers met in Stresa, Italy, on the shore of Lake Maggiore, to discuss what to do with a major pile of money. Following Russia’s full-scale invasion of Ukraine in 2022, G7 nations blocked around $300 billion in Russian assets
Imagine a country exporting nearly 90 percent of the wheat and corn it did before losing control of a sixth of its territory. Consider facing daily air raids targeting vital infrastructure while still keeping the lights on and the internet running. These are some of the many impressive achievements of the Ukrainian economy in the
The numbers don’t lie. Two years after Russian President Vladimir Putin launched his full-scale invasion of Ukraine on February 24, 2022, the humanitarian and economic costs to Ukraine have been immense. But the war has also wreaked devastating self-inflicted wounds on Russia, including catastrophic casualty rates, growing economic isolation from the West, and the mass
It’s set off a cascade of problems. Early Tuesday, large sections of the Nova Kakhovka dam and hydroelectric power plant in southern Ukraine gave way. Since 1956, the dam has pinched the Dnipro River, creating a massive reservoir upstream as far as Zaporizhzhia and, downstream, a succession of towns and villages along the river terminating