Since the annexation of Crimea in 2014, Russia has been under an EU sanctions regime. While these sanctions have not prevented Putin from ordering an invasion of Ukraine in February 2022, in the overall picture, they have significantly weakened Russia’s ability to wage war. This paper...

Financial sanctions are key in enforcing restrictions on Russian energy exports - in particular the G7/EU oil price cap regime - due to financial institutions' critical role in cross-border transactions. While the energy sanctions regime is having an impact on export earnings and budget...

The war in Ukraine has exacerbated pre-existing production problems in manufacturing networks originating from the coronavirus pandemic. Material shortages are compounded by uncertainties about sufficient energy supplies. Above all, energy has become more expensive for European industrial...

A Green Deal for Europe can set standards for ambitious climate protection, for an investment programme in future markets and for strengthening the European economy and European and non-European security. Climate protection and a sustainable energy transition not only create economic...

Debt-to-GDP ratios have grown to unprecedented levels in many industrialised economies. To combat this threat, the authors call for a global debt brake following the Swiss or German example. The debt brakes should be incorporated into national constitutions and monitored by independent...