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Economic Consequences of a Ukraine Peace

The demand that Russia pay reparations for its unprovoked war in Ukraine is morally compelling. But Russia would be less likely to reconcile itself to Ukraine’s independence and territorial integrity, leaving Ukrainians unsafe and thus unable to embark on reconstruction, much less sustain stable economic growth.

BERKELEY – Russia’s war on Ukraine shows no sign of ending, but it is not too soon to start thinking about how to ensure postwar Ukraine’s stability, prosperity, and security. Already, two discussions are occurring: one about financing economic reconstruction, and the other about affirming Ukraine’s external security. The problem is that these discussions are proceeding separately, even though the issues are intimately related.