NEW: The war with Iran is blowing up the global economy, but Russia & China are beneficiaries; the conflict is enabling Vladimir Putin to expand his influence in Europe & Xi Jinping to do the same in the Indo-Pacific. By @eribakova.bsky.social & @aligarciaherrero.bsky.social:

Sharing an article which I'm co-authored with @Elina Ribakova @eribakova.bsky.social published by @Peterson Institute for International Economics @piie.com: "How #Russia and #China are winning the war in #Iran". www.piie.com/blogs/realti...

“Ukraine is Europe’s untapped arsenal—and with better defense integration, it can help protect the entire continent,” write ‪@eribakova.bsky.social and Lucas Risinger.

🛡️ Securing Ukraine’s future in Europe 🎤 With @heidirediker.bsky.social, @jfkirkegaard.bsky.social, Lene Mandel Vensild, Kateryna Mykhalko, Sinikka Parviainen, @eribakova.bsky.social, Paul Stares, Lukáš Veselý and @jzettelmeyer.bsky.social 🔗 buff.ly/UHH3ZGN

🎙️ NEW PODCAST: Europe and the Iran war 🪖 @rebeccawire.bsky.social, @eribakova.bsky.social, @tagliapietra.bsky.social and @guntramwolff.bsky.social discuss what the conflict means for inflation, oil prices, the economy and Ukraine. #EconSky 🔗 Listen to the podcast: www.bruegel.org/podcast/euro...

The lesson is clear, @eribakova.bsky.social writes in @financialtimes.com. Together, European financing & Ukrainian ingenuity can build an effective deterrent against external threats, even as the US pulls back.

Join us for an event featuring @eribakova.bsky.social, Yuriy Gorodnichenko, & Maurice Obstfeld discussing this & more on December 11: www.piie.com/events/2025/...

In Russia, there has been some convergence in regional wages & incomes during the war. However, the sustainability of this trend remains uncertain due to the misallocation of resources & the broader economic challenges the country faces.

Our new @piie.com Working Paper on Russia’s war-induced regional convergence with @eribakova.bsky.social & @ygorodnichenko.bsky.social now out! @bofit.suomenpankki.fi @suomenpankki.fi Many poorer regions saw their incomes rise faster 2022-24 as public spending rose🇷🇺 www.piie.com/publications...

Ukraine, Europe and the new economics of war on.ft.com/48mwC0p

The third #CERditchley panel, chaired by Yael Selfin was on ‘What price will the EU and the UK pay to rearm?’ with @olefunke.bsky.social, @eribakova.bsky.social, @schularick.bsky.social and Maarten Verwey

giftarticle.ft.com/giftarticle/... Ukraine, Europe and the new economics of war

Great timing pro.thebell.io/webinar_sept...

on.ft.com/4oH7pDM Why Russia’s wartime economy is starting to crack, with Elina Ribakova

🗣️ Rebuilding Ukraine Simon O'Connor in podcast conversation with @rebeccawire.bsky.social @tysonbarker.bsky.social & @eribakova.bsky.social on how the EU and international partners are helping to finance recovery and support reconstruction in a conflict zone. 🔗 Listen here: buff.ly/qK69HFK

If the #oil price keeps falling, Russia “will face a guns versus butter situation”, @eribakova.bsky.social tells @wsj.com www.wsj.com/world/russia...

"How the Russian economy is faring as new sanctions hit" -- my latest for @theworld.org about the new EU sanctions on Russia, with sharp analysis from @reziemba.bsky.social and @eribakova.bsky.social . Take a listen! 📻🎧🔊 theworld.org/stories/2025...

In her Letter from America, @eribakova.bsky.social examines the symbiotic but asymmetrical relationship between Russia and China: Russia is an ally ­for China to challenge the current international order, but China still has not committed to a deeper partnership www.intereconomics.eu/contents/yea...

www.foreignaffairs.com/europe/what-... @foreignaffairs.com

Glad to share my thoughts on the Russian economy, the new EU/UK sanctions and developing intra-G7 divergence with @theworld.org’s @ofmandaniel.bsky.social, even more so to be in the good company of the brilliant @eribakova.bsky.social

The macroeconomic impact of new US international policies www.piie.com/events/2025/...

APRIL 3: @eribakova.bsky.social joins Anjali V. Bhatt on PIIE Insider LIVE to discuss economic statecraft, what's next for the Russia-Ukraine war, & more. Register to ask questions live or subscribe to Insider LIVE wherever you get podcasts to listen whenever: www.piie.com/events/2025/...

Our modelling of 25% tariffs on the EU shows that such tariffs would backfire on the US, pushing up prices & slowing economic growth. That’s before likely EU retaliation. And it would likely have little impact on the global US trade deficit.

🎙️Point of no return? @yuyunzhan.bsky.social is joined by @aligarciaherrero.bsky.social @eribakova.bsky.social & @ivanakaraskova.bsky.social to discuss the shifting landscape of China-EU relations in the wake of the war in Ukraine. Listen here ⬇️

“The art of the deal” by Russia on.ft.com/3Y528KD US agrees maritime ceasefire deal with Ukraine and Russia @ft @maxseddon.bsky.social @christopherjm.ft.com

My comments on US/Russia rapprochement that won't benefit the US with www.npr.org/2025/03/25/n... with @michelmartinnpr.bsky.social

"There's no money to be made in Russia," writes @eribakova.bsky.social in FT: "While some companies may slow their departures, and the smartest may use the US-Russia thaw to finalise their exit deals, it is unlikely that there will be a rush of American companies entering Russia." bit.ly/4i4sl4f

#Trump officials promised “incredible opportunities” if Moscow ended its war on Ukraine. But Russia’s economy is in chaos and the business environment is hostile. As @eribakova.bsky.social says: "The biggest problem here is that there’s no money to be made." bit.ly/4bmbtDs via @nytimes.com

Good piece by @eribakova.bsky.social Nostalgists remember the glory days of the Russian market, between 1999 and 2008, when commodity prices boomed. 🇷🇺 on.ft.com/41MUIN8 There’s no money to be made in Russia

People have asked me recently... what if...? would you go...? My personal and strongly held opinion is that opportunists who rush back to Russia will get what they deserve, and probably won't have to wait long for it But don't listen to me, here's @eribakova.bsky.social for the FT on.ft.com/41OUjtE

It is an honor to testify before the U.S. Congress on February 20, 2025 regarding China-Russia economic linkages and sanctions evasion. Watch livestream here. www.uscc.gov/hearings/axi...

U.S has leverage over Russia’s economy. Sanctions have an effect. That’s why Putin is so careful to stress that rates over 20% are manageable and economy is “ok” @piie.com Ecohttps://www.cnn.com/2025/01/26/europe/putin-russia-economy-trump-analysis-intl/index.html

🚨We're hiring!🚨 Join our research team as an international trade research analyst. Details below #EconSky

Latvia’s leading coalition party is back to square one. Considering the current governor, who has strengthened the Latvian CB, for the reappointment. www.lsm.lv/raksts/zinas...

Latvian coalition parties can’t agree on the Bank of Latvia Governor. The leading candidate Santa Purgaile withdraws: “Considering that my candidacy does not have the support of the coalition, I withdraw my candidacy for the position of president in order not to waste time in fruitless discussions.”

Official confirmation that the EU has renewed sanctions on Russia for six more months (Hungary, which had threatened to veto the renewal, has backed down in return for assurances on energy security)

The coalition parties have agreed to nominate the former Deputy Governor of the Bank of Latvia, Santa Purgaile, responsible for supervision, for the position of Governor of the Bank of Latvia. t.co/CqZFJYFtMB

The inside story of Bruegel’s creation: a @bruegel.bsky.social podcast with @veron.bsky.social, @rebeccawire.bsky.social and @carolinedegruyter.bsky.social. How transformative ambition, elaborate governance and intellectual integrity shaped Bruegel and were key to its success.

Liquid part of Russia's National Welfare Fund end-2024 $39 bn, down from $113 bn at end-2021. War requires its funding.

Šodien padalījos ar savu redzējumu par to, kādi būtu svarīgākie Latvijas Bankas darāmie darbi tuvākajā nākotnē: www.tvnet.lv/8176783/riba...

Delighted to discover that Elina Ribakova is under consideration to become the head of the Latvian central bank: she's simply the best candidate one can think of for the job, with deep expertise in key topics like sanctions, export controls and economic security (plus, she's a fantastic human being)

Liels gods tikt apsvērtai Latvijas Bankas prezidentes amatam. Esmu gatava izmantot savu starptautisko pieredzi, lai veicinātu Latvijas ekonomikas noturību pret satricinājumiem un izaugsmi. www.lsm.lv/raksts/zinas...

Wow, ⁦‪I’ve worked a lot with @eribakova.bsky.social ‬⁩ , her professionalism and relentless drive has always been top notch Let’s see how this goes Latvia Considering Ribakova, Treasury Head for Top Central Bank Job www.bloomberg.com/news/article...

Fingers crossed for @eribakova.bsky.social my brilliant colleague from @piie.com

Thrilled to read that @eribakova.bsky.social is being considered for governor of the Central Bank of Latvia. She is a brilliant economist with extensive policy expertise, deep market knowledge, and a genuine passion for public service. I truly can’t think of anyone more qualified for the role.

Russia's war has made it abundantly clear that central banking in the euro area is about more than setting interest rates. The @latvijasbanka.bsky.social is looking for a new governor, and I can't think of a more qualified candidate for the job than @eribakova.bsky.social. www.lsm.lv/raksts/zinas...

Yikes. The US Justice Depart has drafted "modernizations" to the Foreign Agents Registration Act that would match the labeling requirements made infamous in Russia, including even "an embedded image of the conspicuous statement on the face of the comment or post." www.justice.gov/opa/pr/justi...