Section: Economy
What sanctions have Ukraine and the world imposed against Russia, and have they been effective?
The sanctions imposed by the world against Russia in response to its invasion of Ukraine had consequences for its economy even in the first year of their implementation. However, they have not yet led to the collapse of the country’s economy. This is partially because at the beginning of the full-scale war, allies implemented restrictions...
Anti-corruption failure. How centralization of power affects the effectiveness of the fight against corruption
Corruption scandals in Ukraine are increasingly provoking public outrage. If it weren’t for the state of war, they would almost certainly lead to demonstrations and other forms of civic activism with political demands on the government. However, the inability to express protest in public and mass forms means that internal discontent will...
Russia was predicted to experience a 30% drop in oil production and a 15% decrease in GDP, but this did not happen. What went wrong?
March 2022. The harshest sanctions in history against Russia are being discussed in the government offices of many countries. With each new package of restrictions, the forecasts for the Kremlin looked increasingly bleak. Russia was predicted to have a 30% drop in oil production, a 15% decrease in GDP, and a decrease in imports of up to 50%....
2 perspectives on the grain conflict: What arguments are used by Ukraine and Poland to defend their positions?
In August, Poland and several other neighboring countries announced their intention to extend the embargo on the import of Ukrainian grain. Although the ban is set to expire on September 15, at least two countries — Poland and Hungary threaten to prolong the ban at the national level. Here is an analysis of the arguments of both opponents and...
Money at the expense of blood. How an inconspicuous Polish company took away a billion dollars from the Ukrainian army
April 2022. A little over a week has passed since the Ukrainian Armed Forces pushed Russian troops away from Kyiv and drove them out of the Kyiv region. But there was no certainty that Russian troops wouldn’t attempt to storm the capital again. Entry points into Kyiv and beyond were blocked by concrete slabs and sandbags. At most...
Millions of taxes into the Russian budget. The company of a Ukrainian oligarch continues to operate in Russia
RBC-Ukraine continues to study the facts of Ukrainian business cooperation with Russia after the start of the full-scale invasion. Also, from publicly available data, it became known that in 2022, the company Interpipe-M in Russia generated revenue from sales amounting to 131.6 million rubles, declared and paid 36 million rubles in income tax....
Frozen Russian assets can start working for Ukraine today. How can this be done?
According to recent calculations by the Kyiv School of Economics, Russian aggression has caused Ukraine damages exceeding $150 billion, which include estimated physical losses, destroyed and damaged infrastructure, and enterprises. Furthermore, Ukraine is forced to ask the civilized world for billions of dollars to compensate for lost tax...
A sanctions bag full of holes: what the West must do to stop Russia
“No Money, No War!” — This is one of the postulates of history. That’s why, in the early days of the full-scale invasion, an entirely appropriate response from the West was an attempt to cut off the sources of funding for Putin’s regime. Sanctions were meant to be a “bag over the head” of the Russian economy....
The threat of the Nord Stream level: why the EU should stop purchasing Russian liquefied gas
On August 18, the European Commission announced that the gas storage facilities of the EU are filled to 90%, significantly ahead of the schedule of previous years, allowing for a reduction in the import of Russian gas. Is the EU capable of now refusing Russian liquefied natural gas (LNG)? By the end of the first half of the year, Europe received...
The Marshall Plan and the reconstruction of Ukraine: Which US companies are ready to participate
Historical parallels and lessons from the Marshall Plan The historical experience of the USA and the economic interests of American corporations can provide substantial assistance in the reconstruction of Ukraine’s economy and infrastructure after the end of the war. Recently, in the New York subway, the author of the article saw a woman in...