The war in Ukraine began in 2014 with the annexation of Crimea by Russia following the overthrow of President Yanukovych and the Euromaidan protests. Russia supported pro-Russian separatists in Donetsk and Luhansk. In 2022, the conflict escalated with a Russian invasion, which led to severe humanitarian and economic crises. Global tensions, increased defense spending and an energy crisis in Europe are key consequences. The arms industry, energy producers and private military companies profited economically. Read the latest news on the Russia-Ukraine war from the Table.Briefings editorial team! How did the Russia-Ukraine war come about? The Russia-Ukraine war began in 2014 when Russia annexed Crimea after Ukrainian President Viktor Yanukovych was overthrown by protests. These protests, known as Euromaidan, demanded closer ties with the European Union and led to political unrest. The annexation of Crimea and Russia's support for pro-Russian separatists in the eastern regions of Donetsk and Luhansk escalated the conflict. In 2022, the situation worsened when Russia launched a full-scale invasion of Ukraine, leading to a full-scale war. This Russia-Ukraine war led to significant humanitarian and economic crises. Geopolitical tensions between Russia and the West and the territorial integrity of Ukraine are at the heart of the conflict. What are the consequences of the Russia-Ukraine war? The Russia-Ukraine war, which began in 2014 with the annexation of Crimea by Russia and escalated in 2022 with a full-scale Russian invasion, has had and continues to have far-reaching and diverse consequences. Humanitarian impacts Economic impacts Political impacts Energy impacts Social impacts Overall, the Russia-Ukraine war has triggered a complex and far-reaching chain of impacts that affect many aspects of life in the affected regions and beyond. Who benefits from the Russia-Ukraine war? The Russia-Ukraine war has had a significant negative impact on most of the parties involved, but there are some actors and industries that may benefit from the situation: Defense industry Energy producers outside Russia Political actors Agriculture and food industry Private military companies Geopolitical actors Cybersecurity companies While these actors and sectors may reap short-term benefits from the war, the long-term humanitarian, economic and geopolitical costs of the conflict are significant and severe.
EU summit: Energy price crisis sparks debate on the ETS
Ahead of the summit, two areas of contention are emerging: Some member states are insisting on easing emissions trading rules, while others refuse to make any concessions. Regarding “Buy European,” demands from Paris for even more preferential criteria are also causing controversy.
By Lukas Knigge, Stephan Israel and Markus Grabitz