The real issue for EU leaders when they discuss Ukraine’s application at a 23-24 June summit and beyond, is what kind of club the EU should be.
Should Ukraine's accession to the EU be facilitated?
In the latest installment of the Sound of Economics Live we debate whether Ukraine's accession to the EU should be facilitated.
Food and fertiliser export restrictions are exacerbating the current food price crisis. The WTO and EU legal toolkits provide some safeguards but are insufficient. Unblocking Ukrainian ports and facilitating wheat exports through large-scale international coordination remains essential.
Planning Ukraine’s reconstruction tomorrow is important but meeting its financial needs today is more pressing and requires urgent action by the IMF and the international financial community.
The EU lacks the coordination structure and transparent data necessary to most effectively navigate an embargo on Russian oil.
The idea of confiscating the Bank of Russia’s frozen reserves is attractive to some, but at this stage in the Ukraine conflict confiscation would be counterproductive and likely illegal.
Policymakers must think coherently about the joint implications of their actions, from sanctions on Russia to subsidies and transfers to their own citizens, and avoid taking measures that contradict each other. This is what we try to do in this Policy Contribution, focusing on the macroeconomic aspects of relevance for Europe.
The most efficient way for Europe to sanction Russian energy would not be an embargo, but the introduction of an import tariff that can be used flexibly to control the degree of economic pressure on Russia.
How have events in recent years impacted global trade and value chains and how can we strengthen these against future disruptions?
The war in Ukraine has brought an end to a 60-year period in which Europe has enjoyed a peace dividend, an amount released by reducing defence expenditure to be invested in beneficial economic activities.
How is the war in Ukraine affecting the countries in the central and eastern parts of Europe, the countries that are closest to the ongoing conflict?