Russia-Ukraine War

It appears that Russian influence has been steadily spreading across Europe, stretching from the eastern regions of the continent to its central and western borders. Moscow's reach isn't confined solely to nations within its sphere of influence; it also affects broader European foreign policy and the trajectory of the bloc's future.

“Nothing should be ruled out” said French President Emmanuel Macron when asked about possibilities of sending troops to Ukraine. By speaking about going to war, Macron may have aimed to dispel a long-standing joke about the French always surrendering. However, both French and NATO leaders have publicly rejected the idea of sending European or alliance troops to Ukraine. Prominent figures such as U.S. President Joseph Biden, German Chancellor Olaf Scholz, Polish Prime Minister Donald Tusk, NATO Secretary-General Jens Stoltenberg, and others have asserted that such action is not on the table. The widespread domestic and regional opposition implies that even if Macron was genuinely considering sending troops to Ukraine, he would not receive the necessary support for such a radical decision.

Since the 16th century, the Black Sea has always been a lake of tensions. Contrary to the Wars of The Holy League, in which the Ottoman Empire witnessed its first territorial loss, the contemporary situation signals Turkish gains in the region. The ongoing war in Ukraine has revived the Montreux Convention which gives Ankara the higher hand in the Black Sea and led other NATO members to appreciate the indispensable Turkish role. Recently, developments in the Black Sea ranging from decaying Russian power to Western apprehension are offering Ankara some Turkish delights.

Alexander Babakov, vice-president of the State Duma, stated on Thursday, March 6th, that the BRICS (Brazil, Russia, India, China and South Africa) alliance is working on creating its own currency and will submit proposals at the organisation's upcoming summit in August in South Africa.   The declaration was not only the culmination of cooperation efforts between the fifth emerging economies to preserve their position in the global system after Western powers worked since the 1990s to prevent them from assuming their positions in international economic organisations — especially the World Bank and the International Monetary Fund. However, it also raised many questions about the impact of the new currency on the global financial system, particularly given the strength of the five economies in the international arena and the alliance's stated intention to expand to include additional developing nations such as Saudi Arabia, Iran, Egypt, and Bangladesh.   This paper tries to predict the consequences of creating the new currency on the structure of the global financial system and its impact on other major currencies, considering the European Union's experience in creating the Euro.

According to a report by the United Nations Food and Agriculture Organization (FAO) on the state of food security and nutrition in the world in 2022, it is estimated that between 702 and 828 million people were affected by hunger in 2021, consisting of 278 million people in Africa, 425 million in Asia, and 56.5 million in Latin America and the Caribbean. The number has grown by about 150 million since the outbreak of Covid-19. The Russia-Ukraine War, involving two of the biggest producers in agriculture and staple cereals globally, is disrupting supply chains and further affecting global grain, fertilizer, and energy prices, leading to shortages and fuelling even higher food price inflation. Additionally, food security is a significant challenge in the Arab region, which is facing rising economic, socio-political, and environmental challenges impacting the food security of its growing population.   Hence, our study has examined the factors that affect food security, and our analysis allowed us to determine the top five factors affecting food security: climate change, conflict, overpopulation, inflation, and scarce resources. The study will analyze each factor separately and their effect on food security globally and in many regions, with a focus on the Arab region. Secondly, the study will analyze factors of food insecurity separately and its impact on four significant countries: Egypt, the United Arab Emirates, the Kingdom of Saudi Arabia, and Jordan.   We found that the factors we examined have mainly negative effects on food security, with the exception of climate change, which will positively affect some regions for the time being, and natural resources, which has some aspects that effect food security positively. Additionally, we found that the factors are interconnected since for example, conflict negatively affects food security, and it could increase food prices, as in the current Russia-Ukraine War. Likewise, the adverse impacts of climate change are expected to raise food prices further and dampen the region’s food demand translating into direct increases in malnutrition levels.   Finally, after reviewing the effects of factors on food security, we elaborated some recommendations in order to deal with the adverse effects.

In February 2023, the European Union (EU) agreed to set a price cap on Russian refined oil products at $100 per barrel. The EU also set the price cap on Russian crude oil at $45 after setting it at $60 per barrel in cooperation with the Group of Seven (G7) countries in early December 2022, according to a periodic review every two months.   The European decision aims to control energy prices generally and stop price fluctuations that have affected global markets since the Covid-19 pandemic and the following events, particularly the commodity supercycle and the Russian-Ukrainian war. Furthermore, the Europeans aim to cut off the funding sources from the Russian federal budget that funds the military operation in Ukraine. In 2021, Russia exported oil worth around $212.4 billion of its $492.3 billion total exports to the rest of the world.   In response, the Russian government issued a decree on December 28, 2022, prohibiting the export of crude oil and petroleum products to countries with imposed price caps. Europe is the third-largest oil importer in the world after China and the United States. Conversely, Russia ranks first on the list of suppliers to the European continent while ranking second worldwide regarding oil exports. Therefore, we track in this article how the price cap decision may alter the global energy transmission paths.

The Russian-Ukrainian war created significant uncertainty in the world’s energy markets and disrupted trade relations between the second-largest energy exporter and the second-largest energy importer. This disruption strongly signals a shift in the global energy supply chains, as indicated in a previous analysis. In the short term, Europe is expected to turn to the Arab Gulf to fill the gap left by the lack of Russian energy products.   However, in the long term, Europe will need to find sources that are highly sustainable, affordable, and less harmful to the environment than oil. This is because petroleum usage is incompatible with the European Green Deal (EGD), which aims to achieve carbon neutrality for the entire European continent by 2050. Furthermore, the EGD seeks to reduce greenhouse gas emissions from the mainland by around 55% below 1990 levels by 2030, which is unattainable with continued oil usage.   As a result, Europe will turn to its neighbours, particularly those in North Africa, who possess a variety of energy sources that can help it achieves its objectives and guarantee energy sustainability. Thus, this article explores Europe’s energy requirements and assesses the potential of North Africa’s energy resources to meet these requirements.

June 2022, the European Commission announced granting Ukraine the status of a candidate country to the European Union. Nevertheless, problems concerning Ukraine such as their struggle with their economy and political system, are still on the agenda. Giving the candidacy status to Ukraine has been criticized since Ukraine is still regarded as a weak country and not yet eligible for such a status especially when compared with other European candidates. European accession is granted after an assessment process based on what is known as Copenhagen criteria. European officials have announced that the accession process will be done by the book and merit based. In the same vein, the commission has granted Moldova the same status which is, the same as Ukraine, considered part of Russia’s sphere of influence. Keeping all this in mind, in the light of Russian war in Ukraine, it is a valid question to ask whether Ukraine candidacy is merit based or politicized. Is the fifth enlargement scenario of the accession of incompetent Bulgaria and Romania as a reward for their role in Kosovo war is being repeated with Ukraine? Considering this, the analysis is going to examine why Ukraine was accepted as a candidate. Drawing on European Commission’s reports, it will be discovered which of Copenhagen criteria are fulfilled by Ukraine. Copenhagen Criteria are:   Stability of institutions guaranteeing democracy, the rule of law, human rights and respect for and protection of minorities (Political Criteria) A functioning market economy and the ability to cope with competitive pressure and market forces within the EU (Economic Criteria) The ability to take on the obligations of membership, including the capacity to effectively implement the rules, standards and policies that make up the body of EU law (the ‘acquis’), and adherence to the aims of political, economic and monetary union.