War in Ukraine and Sanctions against Russia : an endless boxing match ?

The Russian invasion of Ukraine on February 24, 2022, scaled up the ongoing conflict in Donbas beyond its regional borders, hindering and halting different aspects of economic life. Considering the internal geography of Ukraine’s economic structure, the damages to physical infrastructure and supply chain disruptions are likely to propagate to other parts of the country through an intricate plot of production and income linkages. From a disaggregated analysis of multiregional and mul ...

Three questions to Jamal Machrouh   This article was initially published on https://www.institutmontaigne.org/   Morocco was among the countries not taking part in the March 2 UN General Assembly vote following Russia’s invasion of Ukraine. This position raised questions in Europe as Morocco is Europe's largest partner in the Maghreb. Jamal Machrouh, Senior Fellow at the Policy Center for the New South, sheds light on Morocco's perceived neutrality in the Ukrainian conflict in o ...

Les Dialogues stratégiques, une collaboration entre le HEC Center for Geopolitics et le Policy Center for the New South représentent une plateforme d’analyse et d’échange biannuelle réunissant des experts, des praticiens, des décideurs politiques ainsi que le monde universitaire et les médias au service d’une réflexion critique et approfondie sur les tendances politiques mondiales et les grandes questions d’importance commune pour l’Europe et l’Afrique. Cette publication est ...

Les crises internationales de type de la guerre en Ukraine constituent des ruptures historiques qui induisent des changements profonds de paradigmes, mais aussi de systèmes d’alliances et de marges d’influence. Elles produisent, à terme, une nouvelle configuration des rapports de force, ce qui exige des acteurs des capacités d’anticipation et d’adaptation. Le continent Africain se trouve géopolitiquement, et en quelque sorte géographiquement, à la première loge de la guerre d ...

Following on the heels of the COVID-19 pandemic and severe drought in North Africa, the Russian invasion of Ukraine – large exporters of food and, in the case of Russia, energy— may inflict increased hunger on the food insecure in Morocco – despite mitigating measures by the government. Morocco is so far successfully shielding its large poor and vulnerable population by subsidizing essential commodities. With memories of the violent protests during the 2007/08 food and fuel crisis s ...

The heavy financial sanctions on Russia after the invasion of Ukraine sparked speculations that the weaponization of access to reserves in dollars, euros, pounds, and yen would spark a division in the international monetary order. China would tend to strengthen its own international payments system and accelerate the establishment of its currency – the Renminbi – as a rival reserve currency to reduce its vulnerability to moves of a similar nature against it. Countries facing geopoli ...

The war in Ukraine is bringing substantial financial, commodity price, and supply chain shocks to the global economy. Sanctions on Russia are already having a significant impact on its financial system and its economy. Price shocks will have a global impact. Energy and commodity prices—including wheat and other grains—have risen, intensifying inflationary pressures from supply chain disruptions and the recovery from the pandemic. The push toward relative deglobalization received fro ...