Putin’s War in Ukraine

A recent investigative report by Reuters detailed the close ties between Philip Morris International and Igor Kesaev, the founder and until recently board chairman of Russia’s largest cigarette distributor, TC Megapolis. Relationships between Big Tobacco companies and wholesale distributors tend to raise eyebrows in the industry-watching community, given their long history of involvement in smuggling. But what sparked Reuters’ interest in Kesaev is that he also happens to own a company that produces arms for the Russian military, for which he was sanctioned by the European Union on April 8 and the United Kingdom on April 13. That, too, is [...]

Energy analysts in Brussels have been burning the candle at both ends this week to determine the full extent of the disruption and economic fallout from the European Union’s impending ban on oil imports from Russia. But though Germany has dropped its opposition, Hungarian Prime Minister Viktor Orban is still intent on vetoing the oil embargo. Any delay may spell trouble for the EU’s plan to cut off Russian oil, as opposition to the embargo among EU leaders may be growing rather than shrinking. The embargo proposal unveiled yesterday by the European Commission was already designed to be a phased-in [...]

It has not even been three months since Russia invaded Ukraine, and it remains far from clear as to when and how this conflict will end. Nevertheless, a robust discussion is already underway over the potential impact of Moscow’s aggression on U.S. foreign policy toward China as well as on Washington’s broader strategic outlook. In the short term, it seems likely that the war will undercut U.S. efforts to rebalance its focus to the Asia-Pacific and strategic competition with China—ironically, because Ukrainian forces have performed far better than expected. Given the vast imbalance between Russia’s conventional military capabilities and those [...]