If you want peace in Ukraine, double down on (economic) war

A year ago tomorrow, Russia invaded Ukraine, shattering the postwar international order and shaking the West\’s misguided notion of accommodating autocracies. Since then, the West has become more aware of the differences between Ukraine and Russia, which go beyond territorial control and include the economic system each country has put in place. To support Ukraine\’s existential struggle and European future, the West has become willing to provide weapons, and has put together 10 sanctions packages since the invasion. These sanctions have focused on restricting the flow of resources to and from Russia, and have been successful in deterring Russia and causing economic strain. However, it is also necessary to revisit the sanctions on asset holdings, and look at the possibility of using Russian assets to rebuild Ukraine. This is a war between Russia and the West, and understanding the differences between the countries and the implications of sanctions is essential for continuing to support Ukraine.



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