Global oil prices fell on Wednesday by the most in nearly two years after OPEC member the United Arab Emirates said it supported pumping more oilinto a market roiled by supply disruptions due to sanctions on Russia after it invaded Ukraine. Brent crude futures settled down $16.84, or 13.2%, at …

War and the Deep State Russia’s military attack on Ukraine starting 24 February 2022, is war. Whether or not countries are actually involved in war, war is always justified by one or more parties to the conflict, and condemned as unjustified by one or more parties. Both sides of the …

Russian President Putin has claimed that he ordered the invasion of Ukraine to “denazify” its government, while Western officials, such as former U.S. Ambassador to Moscow Michael McFaul, have called this pure propaganda, insisting, “There are no Nazis in Ukraine.” In the context of the Russian invasion, the post-2014 Ukrainian …

Any Russian business that wants to work with individuals or entities from its “unfriendly countries” list will require government approval, Moscow said on Tuesday (8 March) following the publication of the list on Saturday. The list of apparent enemies of Russia includes all the 27 EU member countries plus Monaco, …

Thirteen days into a brutal war in Ukraine and Russian President Vladimir Putin has failed to subjugate Ukraine. He appears no nearer to replacing its defiant government with a puppet regime. An out-gunned Ukraine has defied widespread pre-war predictions that it wouldn’t be able to hold out for long against …

The current developments related to the Russian invasion of Ukraine can only be considered the tip of an iceberg, showing itself in the form of the collapse of the US-centered security system. This order has already proven to seek to make small powers pay the toll to maintain and achieve …

Finally, France will be leaving Mali, nearly a decade after the original military intervention in 2013. The repercussions of this decision will hardly be confined to this West African nation, but will likely spread to the entirety of the Sahel Region; in fact, the whole of Africa. France’s decision to …

Last week, I was on a panel with Jason Furman and Joseph Stiglitz, discussing the recent surge in inflation and the prospects for the future. We took some questions from the audience, but there were a number for which we did not have time. I have picked some of these …

War, as well as causing death and destruction, is harmful to economies: it destroys physical and human capital, increases uncertainty and stifles investment and consumption. But in addition to the direct economic impact of the war in Ukraine –which will bring both the Ukrainian and, owing to Western sanctions, the …

Russia’s invasion of Ukraine is nearing its second week. Vladimir Putin’s military continues its push west, with clear attempts to encircle Kyiv. To date, thankfully, America and its North Atlantic Treaty Organization (NATO) allies have held off pleas from President Volodymyr Zelenskyy to enforce a no-fly zone, which would risk …