The Business Times

Simon Johnson and Oleg Ustenko

OLEG USTENKO IS ECONOMIC ADVISER TO UKRAINIAN PRESIDENT VOLODYMYR ZELENSKY

The G7 and the European Union agreed to keep Russian oil on the world market, largely because Russia is such a large supplier – about eight million barrels per day.

Trump can win against China – in Ukraine

Forcing Russia to withdraw would yield a clearer win for the US than tariffs on Chinese imports

Russia is huge in geographic terms, but its economy is tiny relative to the economies of the West, with GDP amounting to just US$2 trillion.

Russian revisionism and the sources of Western weakness

Why Vladimir Putin’s effort to revise the post-Cold War geopolitical order could succeed

Russian crude oil tanker ship Clyde Noble is seen berthed at the Karachi Port, Pakistan, June 28, 2023. Pakistan received its second cargo of discounted Russian crude oil as part of a new deal between Islamabad and Moscow.

Why are Russian oil products still being sold in America?

All imports from “laundromat countries”, without exception, should now be prohibited

Oil pumping jacks, also known as "nodding donkeys", in an oilfield near Dyurtyuli, in the Republic of Bashkortostan, Russia, on Thursday, Nov. 19, 2020. Russia is still exporting around 1.25 million barrels per day to the EU by sea.

How to stop Russia immediately

The West has made great progress in designing sanctions that will stop Putin’s war in Ukraine. It must now act right away...

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