War, as well as causing death and destruction, is harmful to economies: it destroys physical and human capital, increases uncertainty and stifles investment and consumption. But in addition to the direct economic impact of the war in Ukraine –which will bring both the Ukrainian and, owing to Western sanctions, the …

Russia’s invasion of Ukraine is nearing its second week. Vladimir Putin’s military continues its push west, with clear attempts to encircle Kyiv. To date, thankfully, America and its North Atlantic Treaty Organization (NATO) allies have held off pleas from President Volodymyr Zelenskyy to enforce a no-fly zone, which would risk …

The only credible military force in Europe is the US army, and the essential decisions for the defense of Europe are taken in Washington, DC. Cyberattacks from Russia affected hundreds of American companies during 2021, but elicited virtually no reaction from the Biden administration apart from more concessions to Russia, …