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Ukraine war latest: G7 leaders 'ready to consider' granting military production licenses to Ukraine, agree to increase arms deliveries

Key developments on June 17: * G7 leaders 'ready to consider' granting Ukraine military production licenses, agree to increase arms deliveries * Ukraine strikes Russian shadow fleet tanker in Black Sea, military infrastructure, General Staff says * Ukrainian, French defense firms to receive $23 million in grants under Brave France initiative * 'Hell is beginning' — Ukraine could isolate occupied Crimea as drone strikes disrupt logistics, Fedorov says * Ukraine denies Russian claim that Ukr

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.

About Reconstruction

Ukraine's reconstruction effort addresses damage estimated at at least $588 billion, according to a World Bank assessment. Russia's full-scale invasion has destroyed or damaged millions of residential buildings, thousands of schools and hospitals, and critical infrastructure across multiple oblasts. International donors and financial institutions coordinate recovery programs through mechanisms including the Multi-Agency Donor Coordination Platform.

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