In recent weeks, a new disinformation narrative has become prevalent: sanctions against Russia are not working, Russia has become even stronger, and sanctions are essentially Europe’s economic suicide. This narrative is spread by pro-Kremlin disinformers.
Dr. Tanja Porčnik participated at the panel discussion on “Euroscepticism in the Russia-Ukraine war“ organized by the Republikon Institute from Budapest, Hungary, on June 16, 2022.
In this episode, we talk about business in light of the war in Ukraine, the World Economic Forum in Davos, Conference on the Future of Europe, and lobbying.
The need for comprehensive information on the economic situation is important for economic policy during the full-scale Russian invasion of Ukraine, which led to the seizure of Ukrainian territories, terror against civilians, and destruction of industrial facilities and infrastructure in Ukraine.
Russia’s war of aggression against Ukraine has shown that power politics is far from dead and that the idea of containing aggressive states like Putin’s Russia through positive interdependence – as undertaken by Germany – is not enough to guarantee European security.
The war in Ukraine disrupted the illusory peace in Europe. Illusory, because Russia has always been a looming threat to the integrity of the continent, albeit in a less tangible way than a full-on war.
War is once again ravaging Europe, again in Ukraine, again instigated by Putin. The war in Ukraine has been leading news in the media, and rightly so. Never must we forget the horrors of the ongoing war, or in fact any war.
The war in Ukraine will affect Poland’s socio-economic situation through many channels both in the short and long term. In the near term, we face weakening economic growth and even higher inflation, even double-digit inflation.
In response to Russia’s invasion of Ukraine, the Polish Law and Justice government began to work on creating two new funds in the state-owned Bank Gospodarstwa Krajowego to finance “systemic aid” and additional military spending.