After much foot-dragging, the European Commission proposed a cap on the price it will pay for natural gas yesterday. Fifteen of the union’s members had proposed such a cap to limit Russian energy revenues due to spiking gas prices since Moscow’s invasion of Ukraine, but a group of members led by Germany are opposed to it.
Since Russia’s invasion of Ukraine, two successive waves of Russian “war refugees” have descended upon countries in Central Asia and the Southern Caucasus. The response from the receiving countries to date has been mixed, ranging from a welcoming attitude to downright hostility, in part due to the economic impact of the new arrivals.
The strategic and economic importance of the Black Sea region has made it the center of conflict for centuries, and several factors make it unlikely that it will suddenly find stability when the war in Ukraine ends. As a result, the EU and U.S. should be developing contingency plans to ensure stability in the Black Sea region now.
Financial incentives for the purchase of electric vehicles included in the U.S. Inflation Reduction Act are leading to renewed trade frictions with the EU. While those tensions are significant in and of themselves, they mask deeper problems with how the IRA and climate legislation more generally fit into the global trade regime.
The return of Benjamin Netanyahu as prime minister has raised the question of whether he will revisit Israel’s neutrality over the war in Ukraine. But he is unlikely to, for a simple reason: Israel fears that aligning against Russia in Ukraine would curtail its freedom to operate against Iranian forces and proxies in Syria.
As the remaining results of this week’s midterm congressional elections in the U.S. continue to trickle in, the EU’s leadership is assessing the outcome’s implications for the trans-Atlantic relationship, now that the opposition Republican Party appears on track to win back control of at least one, if not both, chambers of Congress.
Since the onset of the war in Ukraine, hundreds of thousands of Russian men have fled the country to avoid being pressed into military service. In response, several European nations have barred Russian asylum-seekers from entering the country. But arguments for barring Russian draft-dodgers don’t stand up to scrutiny.