Economics and Politics of Measures to Stop Financing Russian Aggression Against Ukraine
— March 22, 2022
By Thomas Philippon, Eric Chaney, Christian Gollier and Richard Portes
The disproportion of forces on the ground demands that further strong sanctions be reinforced immediately: implementing measures incrementally until 2023 may alleviate economic costs for Europe, but by then, Ukraine risks disappearing, despite her heroic resistance. This is why, in addition to the ten measures put forward by the International Energy Agency, we are proposing three measures to be enforced immediately by EU members, in order to cut off the financing of the war of terror waged by Russia.
Read the full VoxEU article.
Thomas Philippon is Max L. Heine Professor of Finance.