(Economist) How to help Ukraine as Vladimir Putin bombards its cities

NATO is already supplying Ukraine with lethal weapons and imposing harsh sanctions on Russia. It can and should do more. One idea is for Poland to give Ukraine some of its old Soviet-made fighter aircraft. It could also bolster Ukrainian air-defences with longer-range systems than the portable Stinger missiles they have received so far. Both would help more than asking NATO pilots to do the job for them.

Another good idea would be to degrade Russia’s economy further by imposing embargoes on buying Russian oil and gas. The current sanctions avoid energy, but Russia desperately needs hard currency from oil and gas exports to pay for its imports, because existing sanctions have frozen its reserves.

Both arms supplies and an embargo also risk escalation. And sanctions on Russian energy would come at a high price to the world economy. But they entail less risk and a lower price than a no-fly zone would. What is more, they might actually work.

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Posted in * Economics, Politics, Economy, Energy, Natural Resources, Foreign Relations, Military / Armed Forces, Politics in General, Russia, Ukraine