Author: Alice R. Hoover

Introduction: Can Ukraine Achieve Full EU Membership in 2025? Ukraine Seeks Further Progress Toward EU Membership in 2025 Ukraine has long pursued NATO and European Union membership as its primary geopolitical goals, aiming for a historic shift toward the West. While NATO membership remains unlikely as long as the war with Russia persists, Ukraine is determined to make significant strides toward EU integration by 2025. Though progress in this area is achievable, Kyiv will face numerous challenges on both domestic and international fronts in the coming year. Ukraine’s EU ambitions began to take shape after the 2004 Orange Revolution. However,…

Economic Experts Weigh In On Ukraine’s Progress Political leaders, government officials, and global experts gathered in Kyiv for the annual Yalta European Strategy (YES) conference, held at Mystetskyi Arsenal on September 15-16. The event provided a platform for discussions on Ukraine’s economic progress and its path forward amidst ongoing challenges. At the conference, Aivaras Abromavicius, Ukraine’s former Minister of Economic Development and Trade, and Nobel Prize-winning economist Paul Krugman shared their insights on Ukraine’s reforms and economic recovery. Abromavicius reflected on his 2016 resignation, noting that his departure helped reduce elite resistance to reforms, creating a more conducive environment for…

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…