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Anders Åslund

Anders Åslund

Anders Åslund is a senior fellow at the Stockholm Free World Forum. His most recent book is Russia’s Crony Capitalism: The Path from Market Economy to Kleptocracy.

While Ukraine’s military is succeeding on the battlefield, its economy is struggling as the financial support flowing to Kyiv is well short of what was promised. Europe has been the biggest laggard in making good on its pledges, forcing Ukraine’s government to print money to stay afloat.

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The Russian experience shows that China would benefit from joining the Paris Club of sovereign creditors, which maintains general rules for managing and restructuring sovereign debt.

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BondsUkraine war