Western sanctions are causing the Russian economy to falter. Many European companies are reconsidering their investments in the country; the punitive measures against banks and export bans are making business enormously difficult.
By Till Hoppe
In the future, Germany's gas storage facilities are to be 90 percent full by December each year. The German government wants to set corresponding minimum filling levels with a law on the national gas reserve. Meanwhile, the think tank Bruegel warns against national solo efforts, a "subsidy war" among EU states – and risks that could arise if Gazprom supplies increase again.
By Manuel Berkel
A battle over interpretive sovereignty has broken out in the Russian media not only over the war but also over the sanctions imposed by the West. While the pro-government press is trying to appease citizens and thus keep them away from the ATMs, independent media paint a gloomy picture.
By Eugenie Ankowitsch
Russia’s invasion of Ukraine has been rapid and dramatic, but the economic consequences will be much slower to materialize and less spectacular, writes Jason Furman. In the long run, however, Russia is likely to be the war's biggest loser.
By Redaktion Table
The Ukraine war is also part of a global struggle for oil and gas. The USA wants to sell more of it to Europe. China, in turn, wants to be less dependent on oil and gas from the US and its allies – and is leaning toward Russia.
By Redaktion Table
The EU is severely restricting the Russian Central Bank's ability to protect the financial system from the consequences of the sanctions. Several banks will also be cut off from the SWIFT international payment processing system. The measures are likely to shake the Russian financial system.
By Eric Bonse
