The dynamics of Austria's economic relations with the EU Eastern Partnership (EaP) countries - Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine - and with Russia have deviated from those of the EU in several important ways. During the decade preceding the war in Ukraine, Austrian trade...

Economic consequences of the Georgian-Russian conflict (by P. Havlik and V. Astrov, pp. 1-11) Keywords Georgia, Russia, conflict, war Countries covered Georgia, Russia Topics Macroeconomic Analysis, Forecasts and Policy EU Structural funds in Central and East European Countries (by R. Römisch,...

MENA in transition any lessons from CESEE? (by Peter Havlik and Sándor Richter; pp. 1-7) Keywords MENA, transition Countries covered MENA, CESEE Topics Other The EU and Russia both important for Ukraine (by Vasily Astrov; pp. 8-9) Keywords Ukraine, trade association, Russia, EU Countries...

Graph of the month Dependence of selected European countries on gas imports from Russia, 2012, in % (p. 1) Some lesser known facts about Ukraine’s foreign trade (by Peter Havlik; pp. 2-5) Opinion corner Russia and Ukraine – three questions, nine answers (by Vasily Astrov, Vladimir Gligorov...

Graph of the month Europe Brent Spot Price, fob per barrel, in current USD and euro and real year 2005 euro (p. 1) Opinion corner Russia-Ukraine conflict do Western sanctions have any effect? (by Vasily Astrov, Vladimir Gligorov, Peter Havlik, Michael Landesmann and Olga Pindyuk; pp. 2-6)...

It remains unclear whether or not Russia will actually invade Ukraine, and if it does so, what form this invasion will take. In this note, we outline two broad scenarios: targeted strikes by Russia in Ukraine accompanied by further non-military destabilisation efforts, or a full invasion, and we...

The Russian invasion of Ukraine has triggered a humanitarian, economic, financial and political crisis that will reverberate across Europe. In this Policy Note we analyse the short- and medium-term implications of the conflict. We find that the most severe economic and financial impact will be...

It remains unclear whether or not Russia will actually invade Ukraine, and if it does so, what form this invasion will take. In this note, we outline two broad scenarios: targeted strikes by Russia in Ukraine accompanied by further non-military destabilisation efforts, or a full invasion, and we...

The Russian invasion of Ukraine has triggered a humanitarian, economic, financial and political crisis that will reverberate across Europe. In this Policy Note we analyse the short- and medium-term implications of the conflict. We find that the most severe economic and financial impact will be...