The G7 recently made the headlines by agreeing to lend Ukraine $50bn which will be repaid using the yearly interest accrued on $329bn of confiscated Russian sovereign foreign exchange reserves. When it is finally structured, the loan will consist of a series of loans by G7 member countries, with the US topping up the fund … Continue reading “The Ticking Time Bomb of Ukrainian Debt (That the West Will Have To Pay)”
Ian Proud
Uncontrolled Spending on Nukes and War in Ukraine – The Tory-Labour Election Pact
On 12 April, Keir Starmer announced that Labour would commit to increase UK defense spending to 2.5%. While the Conservative Party has been talking up the need to increase defense spending to 2.5% of GDP for some time, Rishi Sunak made his formal announcement on 24 April. On the eve of Rishi’s reveal, the UK … Continue reading “Uncontrolled Spending on Nukes and War in Ukraine – The Tory-Labour Election Pact”
Zelensky’s Peace Summit Is Just an Echo Chamber
In one of his more bizarre outbursts, Volodymir Zelensky, red of face, jabbing his finger, recently accused China of being “an instrument in the hands of Putin”. He said this at the recent Shangri-La Dialogue in Singapore as part of a world tour, in which he is encouraging participation at what Ukraine calls the Global … Continue reading “Zelensky’s Peace Summit Is Just an Echo Chamber”
Ukraine’s Economy Will, Ultimately, Lose It the War
In his recent article on attritional warfare, Alex Vershinin at the Royal United Services Institute remarked that ‘war is won by economies, not armies’. Put another way, the country that can outspend its rival in military endeavour will ultimately prevail. To defeat Russia, Ukraine would need economic resources that it does not have and will … Continue reading “Ukraine’s Economy Will, Ultimately, Lose It the War”