The economic impact of the Russian invasion on Ukraine
Large-scale migration, a deep recession and severe damage to industrial capacity are among the main effects (for The Chartist) A month and a half into the latest phase of the Russia-Ukraine war, Russia’s attempt to take the Ukrainian capital, Kyiv, appears to have been checked, and its forces to have withdrawn from Ukraine’s northern regions, leaving large-scale human and material destruction in their wake. The purpose of the withdrawal, according to military analysts, may be to regroup and refocus on expanding Russia’s territorial hold on the eastern Donbas regions of Donetsk and Luhansk, parts of which have been under de facto Russian control since 2014-15. While the course of the war will determine the political, social and economic future of the main protagonists—that is, of Ukraine and Russia—and will also have a significant impact across the Eurasian continent more broadly, its outcome remains uncertain. Nonetheless, it is already possible to say something of the scale of the dam...