
Since Russia’s invasion of Ukraine last Thursday, major developments that will reshape global politics both immediately and for years to come have rapidly unfolded one after the other. German Chancellor Olaf Scholz announced that Germany would boost its defense spending this year by $113 billion and meet NATO’s target of 2 percent of GDP in the future. The U.S. and European Union announced a new round of sanctions against Russia that has sent the ruble crashing. And the EU announced that its member states will grant Ukrainians fleeing the war the right to stay and work in the bloc for […]