Section: Peterson Institute for International Economics (USA)
The EU has sanctioned fewer Russian banks than the US and could do more
The European Union (EU) responded vigorously to Russian President Vladimir Putin’s invasion of Ukraine, taking steps to disrupt the Russian economy and financial system. But Europe has yet to join the United States in sanctioning Sberbank—Russia’s largest bank—and it should go even further and… …read more Source:: Peterson...
The EU should sanction Sberbank and other Russian banks as it ponders banning Russian oil and gas
The European Union (EU) had a vigorous early response to Vladimir Putin’s aggression in Ukraine, aimed at disrupting Russia’s financial system and economy. Ending EU imports of Russian hydrocarbons would be a powerful next step and is an absolute priority. But other actions can and should be taken… …read more Source::...
Ukraine’s wartime economy and financial resilience
In addition to the humanitarian crisis and human tragedy caused by Russia’s invasion, Ukraine is facing economic and financial distress. Valeria Gontareva, who was Governor of the National Bank of Ukraine in the years immediately following the country’s 2014 revolution, joins to discuss the… …read more Source:: Peterson...
Putin’s Russia may echo the Soviet bloc, but it is far smaller
It has become commonplace to analyze Russia’s invasion of Ukraine, and the international response to it, through the prism of the Cold War. This framing makes sense, but it is also important to keep in mind that today’s Russia, even together with its allies such as Belarus, is much smaller than the… …read more Source::...
Russia’s war is Europe’s moment to defend democracy and world stability
The European Union has acted with remarkable unity and speed to oppose and punish Russia over its invasion of Ukraine. Its response puts to rest the complaints over its aspiration to be a geopolitical player while not being able to agree on a joint strategy vis-à-vis the main global players. But… …read more Source:: Peterson Institute...
Sanctions: Tightening the noose on Russia
The words of Bruno Le Maire, the French finance minister, were as provocative as accurate—it is indeed a “total economic and financial war” that has been launched against Russia. What is at stake goes beyond Ukraine, since it is about finding out whether economic retaliations can make an aggressor… …read more Source::...
How Russia’s war in Ukraine affects the financial sector
Following Russia’s invasion of Ukraine, the country’s financial system has been crippled by financial sanctions from a broad range of reserve-currency-issuing jurisdictions. This discussion will focus on the latest financial sector developments inside Russia and the broader consequences in Europe… …read more Source::...
Russia’s war on Ukraine: A sanctions timeline
Russia’s military assault on Ukraine has prompted other countries to impose an extraordinary set of coordinated economic sanctions against Russia. The measures aim to limit customary trade and financial relations with Russia, penalize Russian oligarchs for supporting President Vladimir Putin and… …read more Source:: Peterson...
The Rise of Economic Nationalism Threatens Global Cooperation
The coordinated policy response of major economic powers to the global financial crisis of 2008 prevented an even bigger catastrophe. Now with the risk of another downturn, caused in part by the US-China trade war, what are the prospects for worldwide policy coordination to avert a disaster? Not… …read more Source:: Peterson Institute...
Back to the Center: Italy’s New Governing Coalition Faces Tough Choices
Italy’s new governing coalition, combining the populist Five Star Movement and the center-left Democratic Party, has done more than sideline the right-wing forces of League Party leader Matteo Salvini. The new more centrist alliance is certain to calm nervous financial markets and reassure the… …read more Source:: Peterson...
