Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, May 4, 2022 in Washington (AP photo by Alex Brandon).

It’s a widely acknowledged truth that when the United States’ economy sneezes, many countries catch a cold. And so it is with this week’s interest rate hike by the Federal Reserve in Washington, whose efforts to contain inflation in the U.S. are sure to create new problems for already battered economies and families in less affluent countries. The move will unintentionally pile onto the multiple, interconnected crises and growing challenges already facing developing countries. As I noted a few weeks ago, Russia’s war on Ukraine is sending economic, and therefore political, shockwaves across the planet, from Peru to Sri Lanka. Now comes the […]

A protester holds a sign as she takes part in a demonstration to call on the European Union to stop buying Russian oil and gas, outside EU headquarters in Brussels, April 29, 2022 (AP photo by Virginia Mayo).

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 […]

A Dutch military instructor briefs Ivorian special forces soldiers during the annual U.S.-led Flintlock counterterrorism training exercise, near base camp Loumbila, Jacqueville, Cote d’Ivoire, Feb. 17, 2022 (AP photo by Sylvain Cherkaoui).

On a quiet Sunday morning in early September 2021, diplomats found themselves yanked away from their weekend plans as another military coup stunned West Africa. After reports on social media of shooting in the capital city of Conakry, news filtered out that a young army colonel had seized power in Guinea. Wearing the tactical clothing symbolizing his role as the commander of Guinea’s special operations forces, 42-year-old Col. Mamady Doumbouya declared that he would sweep away the authoritarian behavior and corruption that had marked the rule of the then-83-year-old President Alpha Conde. In the months that followed, it became increasingly clear […]

The foreign ministers of Bahrain, Egypt and Israel listen as U.S. Secretary of State Antony Blinken speaks during a news conference, Sde Boker, Israel, March 28, 2022 (AP photo by Jacquelyn Martin).

The U.S. hasn’t “quit” the Middle East, notwithstanding the frequent complaints of its regional partners. But Washington has clearly scaled back its engagement in the region, especially in military terms, from its peak during the first decade after 9/11. This shift in the U.S. role has generated rancorous debate. Washington’s partners in the region complain about feeling abandoned, while its rivals crow about driving the U.S. out of the Middle East. Back in the U.S., many hawks clamor for more military confrontation, particularly with Iran, while those who argue for restraint are willing to tolerate chaos and armed conflict so long as […]

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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 […]

Ukrainian President Volodymyr Zelenskyy, right, and U.N. Secretary-General Antonio Guterres, attend a news conference after their meeting in Kyiv, Ukraine, April 28, 2022 (AP photo by Efrem Lukatsky).

Russia’s invasion of Ukraine and its conduct in the course of the war presents a serious threat not only to the Ukrainian state and its population, but to the humanitarian principles and restraints that are the bedrock of the modern international system. There are serious risks that Russia’s war will weaken international institutions and norms in ways that reduce their ability to maintain peace, prevent civilian harm and deal with collective challenges around peace and security going forward. However, this need not be so. It is still possible for the international system to come out of this crisis not only intact, […]

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