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They are fulfilled three years since Russia began its invasion In Ukraine. During this time, The economic impact is still deep In both countries. Although general attention has been logically focused on human suffering, these days economic figures have been disclosed that reveal the magnitude of the damage: Ukraine records An annual inflation of 12%, while in Russia it reaches 9.5%. Numbers that show the persistence of economic deterioration on both sides. And next to this, another fact: Europe has invested more in Russia than in Ukraine. The “dependence” to Russia. A recent Center for Research on Energy and Clean Air (CREA): The European Union has allocated More money to the purchase of Russian fossil fuels than to direct financial support granted to Ukraine During the third year of the conflict caused by the Russian invasion. According to the analysis presented on the occasion of the third anniversary of the war, the EU spent approximately 21.9 billion euros in Russian oil and gas Only in the last year of conflict, significantly higher than The 18.7 billion euros delivered to Ukraine In financial aid for 2024, according to data from the Kiel Institute for the World Economy (IFW Kiel). The data has many readings, but the main one is paradoxical, since the situation highlights a deep contradiction between the European verbal support to Ukraine and the concrete economic actions that indirectly benefit the Vladimir Putin regime, providing essential income to sustain its military campaign. Historical figures and comparisons. The numbers are even more striking when the total expenditure on Russian fossil fuels by Europe is observed throughout the last year (2024), which exceeded 39% the financial aid assigned to Ukraine. In addition, the report emphasizes that Russia has obtained global income equivalent to 242,000 million euros only for energy exports During the third full year of the conflict, bringing their total profits from the beginning of the invasion to figures near the billion euros. In other words, European agency is especially critical when considering that Russia receives up to half of its fiscal income directly from the energy sector. The economist Christoph Trebesch of the IFW Kiel, although he did not participate directly in the analysis, The surprising gap remarked between the help mobilized for Ukraine and the economic support granted in previous historical conflicts. For example, Germany was considerably more generous during Kuwait’s liberation (1990-1991) compared to the provisions of Ukraine so far, measured proportionally in terms of national GDP. Consequences of energy dependence. The data leads to the same conclusion: the report underlines how this unit follows indirectly promoting war in Ukraine by economically sustaining the Russian government. Vaibhav Raghunandan, co -author of the study, explicitly declared that buying Russian fossil fuels It is practically equivalent to finance the Kremlinfacilitating the continuity of his military aggression. In addition, the Russia’s ability to overcome sanctions economic imposed by the West through its so -called “shadow fleet”of which We have spoken before (A fleet of old ships) allows the country to maintain approximately one third of its income from fossil fuel exports. The European response: sanctions and challenges. It is the last of the legs to be treated: what does Europe do? In reaction to these realities, European ambassadors recently approved new measures in its 16th round of sanctions against Russiadirected specifically against that “shadow fleet.” The report also warns that, strengthening existing sanctions and closing some legal gaps, The EU could reduce Russian income up to 20% from these fuels. In particular, he recommends close the so -called “refinement lagoon” (Through which Europe can acquire Russian oil processed in third countries), as well as even more restricting the Russian gas flow Through the Turkstream gas pipeline. In addition, the report indicates another emerging problem in European energy trade: The growing dependence on Russian liquefied natural gas (LNG). Although The EU has considerably reduced imports Russian gas channeled since the beginning of the conflict, partially compensated this decrease through greater imports of Russian LNG, which reached record figures in 2022, placing Russia as The second most important exporter From this type of gas to Europe. The war three years later. I counted in A report the Guardian On the economy of both countries since the beginning of the conflict that, in a Moscow key, traditional economic indicators seem to favor Russia. Although initially the Gross Domestic Product (GDP) fell -1.3%, has shown a solid recovery in the last two years, growing at 3.6% annual according to data from the International Monetary Fund (IMF). Instead, the Ukrainian economy suffered a dramatic collapse of 36% in mid -2022, closing that year with a 28.3% drop. Although Ukraine has managed to partially recover with growth rates of 5.3% in 2023 and 3% in 2024, its national income still remains 20% below the levels prior to invasion. Resiliation and perspectives. Despite adversities, Ukraine resilience has been remarkable. Christopher Dent, professor of international economy, argues that Ukraine has better long -term perspectives of what Russian propaganda affirms. A concrete example is the recovery of the Ukrainian electricity sector, which after The attack on the Kakhovka hydroelectric power station in 2023 (which caused losses of at least 2 billion dollars), has significantly increased its electrical exports to Moldova, Hungary and Romania, integrating more closely into the European energy network. Maritime trade through the Black Sea and the Danube continues to work, and agriculture also shows clear signs of recovery. The future potential of Ukraine also lies in its wide mineral resources, including metal deposits valued at about 11 billion dollars. On the other hand, tax collection has improved substantially, with significant increases in corporate taxes and consumptionalso supported by international IMF and Western agencies. Bad? On the other sidewalk and despite these advances, the Ukrainian economy faces huge structural challenges. The most important: the labor market remains negatively affected, with An unemployment rate of 16.8%aggravated by mass migration abroad and mandatory military recruitment. The adaptibility of Russia. For its part, Moscow, Despite international isolationhas demonstrated a … Read more