Author: Alice R. Hoover

Introduction: Can a War Economy Thrive Through Commodity Exports? The Russian Economy on a War Footing: How Commodity Exports Finance It Russia’s invasion of Ukraine in 2022 led to unprecedented sanctions, causing an immediate decline in GDP. However, this article examines how Russia’s economy has rebounded, largely due to increased public spending in war-related sectors and construction. Military expenditures are projected to rise even further in 2024, fueled by high oil revenues, which are also tightening the labor market. Although sanctions have restricted Russia’s access to high-tech goods, production tied to the war effort remains strong. This underscores the crucial…

Ukraine’s Economy Grows Amidst the Rising Toll of War: How It’s Surviving and Thriving This Saturday marks the second anniversary of Russia’s unprovoked invasion of Ukraine. However, it’s important to remember that Russia’s aggression against Ukraine began nearly a decade ago, following the Maidan protests. The illegal annexation of Crimea and the occupation of territories in four regions, alongside fraudulent elections and Russia’s treatment of Ukraine as a mere fiction, underscore the ongoing nature of this conflict. Ukraine has endured immense sacrifices in its fight against Russian aggression. Since the invasion on February 24, 2022, thousands of civilians have been…

The Long-Lasting Economic Shock of War Russia’s invasion of Ukraine has not only resulted in a catastrophic loss of life and stability but has also severely amplified existing global economic challenges. The war has compounded a series of already concerning economic trends, including inflation, food insecurity, deglobalization, extreme poverty, and environmental degradation. Additionally, with the end of the peace dividend, a financial tool that has long supported higher social spending, adjusting fiscal priorities could prove difficult, even for advanced economies. The Immediate Economic Crisis in Ukraine and Beyond It is abundantly clear that Ukraine’s economy is in deep distress due…

Ukraine: The Global Economic Impact of Russia’s Invasion in 2025 Russia’s invasion of Ukraine has plunged millions into poverty and devastated Ukraine’s economy, though it has not completely dismantled it. Meanwhile, Western sanctions are squeezing Russia’s economic stability, but they have not yet brought an end to the war. This ongoing conflict continues to wreak financial havoc, not only in the affected regions but also on a global scale. From the outset, it was evident that Putin’s war in Ukraine would trigger significant economic fallout worldwide. While the human toll on the battlefield far outweighs the financial damage, the economic…