E.U. vs. Russia

What Ukraine Needs Now

Ukraine damage AP DISTORT_effect
Life in parts of eastern Ukraine has almost come to a halt.
  • Why it matters

    Why it matters

    Nothing less than freedom and democracy are at stake in the conflict with Russia, say the authors and call on the E.U. to find a way to deliver finanical aid to Ukraine to help the country get on its feet.

  • Facts


    • Russia’s annexion of the Crimea region in eastern Ukraine in March 2014 triggered Western sanctions like travel bans and the asset freezes.
    • Ukraine’s economy is estimated to have shrunk up to 8 percent last year.
    • The Ukrainian currency, the hryvnia, lost half of its value against the dollar last year and plunged again on Thursday as the central bank raised interest rates.
  • Audio


  • Pdf

The fate of Ukraine after Russia’s military aggression will depend on the rules that Europe decides to follow in the 21st century.

Either Europe must embrace the fundamental principles of freedom, rule of law, democracy, inviolability of borders and the right to self-determination by nations large and small. Or go with the dominance of large powers, might over law, “guided” democracy, spheres of influence instead of self-determination, and violence instead of the law of nations.

Under Vladimir Putin, Russia wants to return to an order dominated by large powers and their spheres of influence, like Europe during the 18th and 19th centuries.

The European Union and a European Ukraine are a hindrance to that. Russian policy attempts to destabilize Ukraine, especially in military and financial terms. Europe must not allow it.

Want to keep reading?

Subscribe now or log in to read our coverage of Europe’s leading economy.