Amid the Russian invasion of Ukraine, Ankara’s foreign policy is set to undergo major changes. Being the most valuable ally the West has in the region, without Turkey’s support any Western strategy will fall short of achieving concrete results in stopping Russia in the long-term. Turkey’s foreign policy in the …

As the war in Ukraine unfolds, global uncertainty has surged, according to the latest reading of the World Uncertainty Index—a quarterly measure across 143 countries. This increase is a bad sign for growth. Our research finds that such increases foreshadow significant output declines. Based on our estimates, the rise in …

The war in Ukraine has damaged the reputation of Russian arms. Heavy armor has proved especially vulnerable, but other weapons have also not performed to standard. The future, moreover, is bleak. Due to crushing Western sanctions, Russia’s defense technological and industrial base, which is already plagued by debt, will now …