It will be hard for Ukraine’s economy to sustain a long war
The suspension of all maritime exports is a critical blow
FOR SOMEONE trying to run an economy in the middle of an invasion, Serhiy Marchenko is oddly upbeat. The Russians may have occupied or blockaded his country’s main ports and forced the shutdown of most of its businesses, but Ukraine’s finance minister radiates calm. “The situation is very difficult, I am not going to minimise that,” he says over a latte in a slick café near his ministry. “But we can manage it.” When an air-raid siren interrupts the interview, he simply ignores it.
This article appeared in the Europe section of the print edition under the headline “No ports in a storm”
Europe May 14th 2022
- It will be hard for Ukraine’s economy to sustain a long war
- What Russia’s Victory Day celebrations say about the war in Ukraine
- The Social Democrats suffer crushing defeat in Schleswig-Holstein
- A new alliance boosts the left ahead of France’s parliamentary elections
- “Borgen” returns after a decade to a pessimistic Europe
- Europe’s handling of war on its doorstep breaks a decade-long streak of fumbled crises
From the May 14th 2022 edition
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