As Ukraine is under fire, the crisis will derail global recovery and increase the risk of stagflationary recession. Yet, the crisis was avoidable. Not so long ago, the International Monetary Fund projected global growth rate will slow to 4.4% in 2022. But as I have warned, it is overshadowed by …

In the wake of mounting tensions between the US and Russia over Ukraine, one now finds countless media stories on the “China-Russia axis” and the “bond between Russia and China.” The ideological benefit of connecting Russia to China is undoubtedly clear to anti-Russia hawks. Russia is a relatively weak state …

The main constraints on Russia’s invasion of Ukraine were never the threat of Western sanctions or intelligence-based exposure of its preparations. In retrospect, even the negotiations between Russia and the West look like theatre. The real constraints were domestic and geopolitical: Russia’s domestic stability and its place in the future …