News Archive

Russia is circumventing sanctions to obtain Western goods primarily via the CIS countries in Central Asia and Turkey, according to a study by the ifo Institute on trade data for sanctioned goods. The study examined goods that are critical to the Russian economy or important for the military industry, such as vehicles and ball and roller bearings.

The first EconPol Newsletter of 2024 has just been published. This issue features a two Policy Reports on European defense spending in 2024 and the impact of sanctions on the Russian economy as well as a recently published Policy Brief on the supply chain strategies of German firms. We also report from our Breakfast Discussion on Geoeconomics at the Munich Security Conference 2024.

At the Munich Security Conference 2024 the ifo Institute together with EconPol Europe host a Breakfast Debate which will address current geopolitical challenges and the main aspects of this new geoeconomic reality with a lineup of top leaders from politics, industry, and academia.

Even after the coronavirus pandemic, German manufacturing is continuing to restructure its supply chains in order to reduce the risk of production losses. Companies are focused primarily on diversification. 58 percent have broadened their supply chains and found new suppliers in the past year. One in three companies is also planning to expand its supplier base further. Last year, 45 percent of manufacturing companies also made increased use of warehousing.

Russia’s attack on Ukraine has revealed the need to reassess Europe’s security. Currently, the European Union is a politically fragmented and divided union of member states, economically underperforming, with a defense capability that is insufficient without the support of the USA. This article of EconPol Forum argues that the European Union should develop towards a stronger decentralized federation, but by restoring the principle of subsidiarity.