Dmitry Medvedev

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The free-market case for easing Ukraine's capital controls carefully

To free market fans, of which I consider myself, "capital controls" is something of a four-letter word. They can be convoluted, complicated, and scary to international and domestic investors alike. Even when central banks and governments impose them for legitimate reasons, it is not just the bureaucratic hoops you need to jump through that stoke fear, but the reminder that investors' positions are at the whim of governmental entities. In Ukraine's case, however, capital controls were both a so

The building of the National Bank of Ukraine (NBU) in an undated photo.

As Patriot missiles run low, Ukraine scrambles for alternatives

Russia's battlefield offensive has slowed. But far from the front lines, the war is becoming deadlier. Russian forces launched 70 missiles and over 600 drones at Ukraine in a mass overnight assault on June 15. Of the 34 ballistic missiles fired, 19 were aimed at the capital. Kyiv's beleaguered Patriot batteries did a valiant job, intercepting 15 of them, along with five of the six 3M22 Zircon hypersonic cruise missiles launched in the attack. Still, even layered defenses were stretched beyond

Trump-aligned movement fractures as wars in Ukraine, Iran expose ideological divide

A widening split inside the online pro-Trump political ecosystem is exposing a growing ideological fracture over U.S. foreign policy, particularly America's war against Iran and Russia's all-out assault on Ukraine. What some analysts and participants describe as a "MAGA civil war" has emerged as a visible rupture within the American conservative movement, dividing former allies of U.S. President Donald Trump who have turned sharply critical of his foreign policy positions from those who remain

U.S. President Donald Trump in New York, U.S., on June 9, 2026.

G7 leaders push Trump to change tone on Ukraine, actions still pending

EVIAN, France — The G7 summit ended on June 17 with leaders celebrating a changed tone and greater alignment on support for Ukraine, but have left President Volodymyr Zelensky short of much concrete to take back to Kyiv. Ukraine has made strategic gains against Russia on the battlefield in recent months, but remains powerless in the face of ever harsher ballistic missile attacks against civilian targets, and facing a $52 billion hole in its budget that needs to be filled, in practice by donatio

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