The Impact of the Russian Aggression Against Ukraine on the EU’s Economy
The Impact of the Russian Aggression Against Ukraine on the EU’s Economy

Author(s): Melchior Szczepanik
Subject(s): Politics, Supranational / Global Economy, Governance, Economic policy, Environmental and Energy policy, International relations/trade, Security and defense, Russian Aggression against Ukraine
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: EU; economy; Russia; Ukraine; aggression; impact;
Summary/Abstract: A spike in energy prices provoked by Russia’s invasion of Ukraine will inhibit the economic rebound in the EU. Member States will have to face high inflation for longer than previously expected. Forced to increase spending, they also could postpone plans to reduce their debts. The conflict with Russia is mobilising the Community to speed up the development of renewable energy and reduce dependencies on third countries, especially authoritarian ones, in strategic sectors.

• Details
• Contents