Dr. Torbjörn Becker, Director of the Stockholm Institute of Transition Economics, joins Kopi Time to discuss the economic dimensions of the ongoing Ukraine-Russia conflict. We begin by going over Ukraine’s economic size and structure, followed by the depth of the economic and societal damage inflicted by this conflict. We then talk about the massive short- and medium-term funding needs for Ukraine’s sustainability and rebuilding. Dr. Becker’s institute has been exploring the various dimensions of funding Ukraine, from the appropriate distribution channels to governance concerns; he elaborates on them. We move on to the impact of sanctions and potential oil price cap on Russia. We then go over the economics of sanction and the state of Europe’s energy supply and policy response for this winter. As the most significant global security event of 2022, it is fitting that we conclude with Dr. Becker’s outlook for this conflict in 2023.
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