NEW: The war with Iran is blowing up the global economy, but Russia & China are beneficiaries; the conflict is enabling Vladimir Putin to expand his influence in Europe & Xi Jinping to do the same in the Indo-Pacific. By @eribakova.bsky.social & @aligarciaherrero.bsky.social:

How Russia and China are winning the war in Iran

The expanding war in Iran is disrupting, if not devastating, the global economy. Meanwhile, the sound of silence from normally voluble leaders of China and Russia is telling. From their point of view,...

piie.com

Sharing an article which I'm co-authored with @Elina Ribakova @eribakova.bsky.social published by @Peterson Institute for International Economics @piie.com: "How #Russia and #China are winning the war in #Iran". www.piie.com/blogs/realti...

How Russia and China are winning the war in Iran

The expanding war in Iran is disrupting, if not devastating, the global economy. Meanwhile, the sound of silence from normally voluble leaders of China and Russia is telling. From their point of view,...

piie.com

“Ukraine is Europe’s untapped arsenal—and with better defense integration, it can help protect the entire continent,” write ‪@eribakova.bsky.social and Lucas Risinger.

Europe’s Untapped Arsenal

Ukraine has forged the defense industry the continent desperately needs.

foreignaffairs.com

🛡️ Securing Ukraine’s future in Europe 🎤 With @heidirediker.bsky.social, @jfkirkegaard.bsky.social, Lene Mandel Vensild, Kateryna Mykhalko, Sinikka Parviainen, @eribakova.bsky.social, Paul Stares, Lukáš Veselý and @jzettelmeyer.bsky.social 🔗 buff.ly/UHH3ZGN

Securing Ukraine’s future in Europe: Ukraine’s defence industrial base opportunity

What opportunities exist for investing in Ukraine's defence industry?

bruegel.org

🎙️ NEW PODCAST: Europe and the Iran war 🪖 @rebeccawire.bsky.social, @eribakova.bsky.social, @tagliapietra.bsky.social and @guntramwolff.bsky.social discuss what the conflict means for inflation, oil prices, the economy and Ukraine. #EconSky 🔗 Listen to the podcast: www.bruegel.org/podcast/euro...

Europe and the Iran war

What does the conflict mean for inflation, oil prices, the economy and Ukraine?

bruegel.org

The lesson is clear, @eribakova.bsky.social writes in @financialtimes.com. Together, European financing & Ukrainian ingenuity can build an effective deterrent against external threats, even as the US pulls back.

Ukraine, Europe and the new economics of war

By maintaining stability and innovating to hold out against Russia, Kyiv has shown that size matters less in conflict than it used to

ft.com

Join us for an event featuring @eribakova.bsky.social, Yuriy Gorodnichenko, & Maurice Obstfeld discussing this & more on December 11: www.piie.com/events/2025/...

Peterson Institute for International Economics@piie.com · 8mo ago

The lesson is clear, @eribakova.bsky.social writes in @financialtimes.com. Together, European financing & Ukrainian ingenuity can build an effective deterrent against external threats, even as the US pulls back.

In Russia, there has been some convergence in regional wages & incomes during the war. However, the sustainability of this trend remains uncertain due to the misallocation of resources & the broader economic challenges the country faces.

War-induced economic convergence in Russian regions

This paper examines the impact of Russia's 2022 full-scale invasion of Ukraine on Russia’s economy at a subnational, or “regional,” level. The analysis focuses on the regional disparities and converge...

piie.com

Our new @piie.com Working Paper on Russia’s war-induced regional convergence with @eribakova.bsky.social & @ygorodnichenko.bsky.social now out! @bofit.suomenpankki.fi @suomenpankki.fi Many poorer regions saw their incomes rise faster 2022-24 as public spending rose🇷🇺 www.piie.com/publications...

War-induced economic convergence in Russian regions

This paper examines the impact of Russia's 2022 full-scale invasion of Ukraine on Russia’s economy at a subnational, or “regional,” level. The analysis focuses on the regional disparities and converge...

piie.com

Ukraine, Europe and the new economics of war on.ft.com/48mwC0p

Ukraine, Europe and the new economics of war

By maintaining stability and innovating to hold out against Russia, Kyiv has shown that size matters less in conflict than it used to

on.ft.com

The third #CERditchley panel, chaired by Yael Selfin was on ‘What price will the EU and the UK pay to rearm?’ with @olefunke.bsky.social, @eribakova.bsky.social, @schularick.bsky.social and Maarten Verwey

giftarticle.ft.com/giftarticle/... Ukraine, Europe and the new economics of war

Ukraine, Europe and the new economics of war

By maintaining stability and innovating to hold out against Russia, Kyiv has shown that size matters less in conflict than it used to

giftarticle.ft.com

Great timing pro.thebell.io/webinar_sept...

The Bell — A webinar with Alexandra Prokopenko and Alexander Kolyandr

When Will Russia Run Out of Money?

pro.thebell.io

on.ft.com/4oH7pDM Why Russia’s wartime economy is starting to crack, with Elina Ribakova

Why Russia’s wartime economy is starting to crack, with Elina Ribakova

A boost to war-related sectors has been papering over weaknesses elsewhere

on.ft.com

🗣️ Rebuilding Ukraine Simon O'Connor in podcast conversation with @rebeccawire.bsky.social @tysonbarker.bsky.social & @eribakova.bsky.social on how the EU and international partners are helping to finance recovery and support reconstruction in a conflict zone. 🔗 Listen here: buff.ly/qK69HFK

If the #oil price keeps falling, Russia “will face a guns versus butter situation”, @eribakova.bsky.social tells @wsj.com www.wsj.com/world/russia...

Putin’s War Economy Can’t Escape Trump’s Trade Blitz

Russia dodged “Liberation Day” tariffs, but Moscow is still perilously exposed for one reason: oil.

wsj.com

"How the Russian economy is faring as new sanctions hit" -- my latest for @theworld.org about the new EU sanctions on Russia, with sharp analysis from @reziemba.bsky.social and @eribakova.bsky.social . Take a listen! 📻🎧🔊 theworld.org/stories/2025...

How the Russian economy is faring as new sanctions hit  - The World from PRX

After delaying an earlier ultimatum, the European Union has passed a new sanctions package against Russia. The sanctions come as a result of Russia rejecting plans for a 30-day ceasefire that the US, ...

theworld.org

In her Letter from America, @eribakova.bsky.social examines the symbiotic but asymmetrical relationship between Russia and China: Russia is an ally ­for China to challenge the current international order, but China still has not committed to a deeper partnership www.intereconomics.eu/contents/yea...

www.foreignaffairs.com/europe/what-... @foreignaffairs.com

What Europe Needs to Lead

American Self-Sabotage Calls for European Self-Help

foreignaffairs.com

Glad to share my thoughts on the Russian economy, the new EU/UK sanctions and developing intra-G7 divergence with @theworld.org’s @ofmandaniel.bsky.social, even more so to be in the good company of the brilliant @eribakova.bsky.social

Daniel Ofman@ofmandaniel.bsky.social · last yr.

"How the Russian economy is faring as new sanctions hit" -- my latest for @theworld.org about the new EU sanctions on Russia, with sharp analysis from @reziemba.bsky.social and @eribakova.bsky.social . Take a listen! 📻🎧🔊 theworld.org/stories/2025...

The macroeconomic impact of new US international policies www.piie.com/events/2025/...

The macroeconomic impact of new US international policies

Olivier Blanchard and Lawrence H. Summers, two of the world's most insightful policy macroeconomists, hold a deep discussion of the US and global implications of the Trump administration's economic st...

piie.com

APRIL 3: @eribakova.bsky.social joins Anjali V. Bhatt on PIIE Insider LIVE to discuss economic statecraft, what's next for the Russia-Ukraine war, & more. Register to ask questions live or subscribe to Insider LIVE wherever you get podcasts to listen whenever: www.piie.com/events/2025/...

Economic statecraft and the Russia-Ukraine war

Anjali V. Bhatt, PIIE communications manager and research fellow, and Elina Ribakova, PIIE nonresident senior fellow and director of the International Affairs Program and vice president for foreign po...

piie.com

Our modelling of 25% tariffs on the EU shows that such tariffs would backfire on the US, pushing up prices & slowing economic growth. That’s before likely EU retaliation. And it would likely have little impact on the global US trade deficit.

Modeling a US-EU trade war: Tariffs won't improve US global trade balance

America could narrow its merchandise trade deficit with EU countries by imposing tariffs on them, but at a cost of higher inflation and lower GDP than otherwise for the US and nearly all the other EU ...

piie.com

🎙️Point of no return? @yuyunzhan.bsky.social is joined by @aligarciaherrero.bsky.social @eribakova.bsky.social & @ivanakaraskova.bsky.social to discuss the shifting landscape of China-EU relations in the wake of the war in Ukraine. Listen here ⬇️

How the war in Ukraine is reshaping China-EU relations

How the war is influencing Europe’s strategic and economic ties with China and Russia

bruegel.org

“The art of the deal” by Russia on.ft.com/3Y528KD US agrees maritime ceasefire deal with Ukraine and Russia @ft @maxseddon.bsky.social @christopherjm.ft.com

US agrees maritime ceasefire deal with Ukraine and Russia

Kyiv says it will comply immediately with Black Sea plan but Moscow asks for additional conditions

on.ft.com

My comments on US/Russia rapprochement that won't benefit the US with www.npr.org/2025/03/25/n... with @michelmartinnpr.bsky.social

Could the U.S. and Russia benefit from a closer relationship?

President Trump is breaking with decades of U.S. policy toward Russia. NPR's Michel Martin speaks with Elina Ribakova, senior fellow at the Peterson Institute for International Economics, about what b...

npr.org

"There's no money to be made in Russia," writes @eribakova.bsky.social in FT: "While some companies may slow their departures, and the smartest may use the US-Russia thaw to finalise their exit deals, it is unlikely that there will be a rush of American companies entering Russia." bit.ly/4i4sl4f

#Trump officials promised “incredible opportunities” if Moscow ended its war on Ukraine. But Russia’s economy is in chaos and the business environment is hostile. As @eribakova.bsky.social says: "The biggest problem here is that there’s no money to be made." bit.ly/4bmbtDs via @nytimes.com

Good piece by @eribakova.bsky.social Nostalgists remember the glory days of the Russian market, between 1999 and 2008, when commodity prices boomed. 🇷🇺 on.ft.com/41MUIN8 There’s no money to be made in Russia

People have asked me recently... what if...? would you go...? My personal and strongly held opinion is that opportunists who rush back to Russia will get what they deserve, and probably won't have to wait long for it But don't listen to me, here's @eribakova.bsky.social for the FT on.ft.com/41OUjtE

There’s no money to be made in Russia

American companies shouldn’t assume that a thaw in US ties with Moscow will make doing business there easier

ft.com