Ukrainian President Volodymyr Zelensky meeting EU Ambassador to Ukraine Matti Maasikas while applying for EU membership, Kyiv, April 2022
Handout / Reuters

The world's attention has understandably been focused on the military side of the war in Ukraine. But in the next stage, the political-economic strategy may be decisive. As Tacitus once wrote of the Roman strategy in Britain, "they make a desolation and they call it peace." Russia aims to do this to Ukraine not only with missile strikes and atrocities against civilians, but also by destroying the country’s economy. Its goal is not just Ukraine’s physical destruction, it is also to grind down the country’s hopes.

So far, Russia has successfully and severely damaged Ukraine’s economic

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