According to the Fraser Institute’s updated “Economic Freedom of the World” report, Ukraine has left the group of the most economically unfree countries. The report measures the level of support for economic freedom by countries’ institutions and policies in five areas: the size of government, the rule of law and the protection of property rights, sound money, the freedom of international trade, and the regulation of the labor market and business.

Most people may believe that we tend to learn from past mistakes. On the other hand, some may prefer to subscribe to the approach of ‘let the bygones be bygones’ (or, in Latin terms, quod periit, periit), and focus on looking toward the future. However, when the past catches up with us, we must pay close attention to it and figure out what we want our next steps to be. 

The Russian invasion has caused widespread destruction and loss of life in Ukraine and raised concerns among neighboring states about the potential escalation of the aggression. The protracted war triggered by the occupation has profound implications – not exclusively for the security and stability of the Central and Eastern European (CEE) region, but also for the rest of the world.

The full-scale war that Russia waged against Ukraine has drastically impacted the situation in Ukraine. Many Ukrainians were forced to flee the country and seek safer regions or countries: according to estimates, about 8 million became refugees, while around 5 million are internally displaced people

‘The Brussels sanctions will destroy us!’ was a slogan featured on billboards (with the sanctions depicted as bombs) paid for by the Hungarian government, which have been displayed across the country since the second half of 2022. The campaign was introduced as a reaction to the European Union’s decision to impose sanctions against the import of Russian products – most prominently energy resources.