On April 17, the Valdai Club hosted an expert discussion, titled “The Conflict in Ukraine: Lessons for the Economy and Industry”, timed to coincide with the release of the new Valdai Report “Economic Statecraft: Lessons from the Conflict in Ukraine”.
The fighting in Ukraine has forced most countries throughout the world to rethink their military potential in the event that they get engaged in a high-intensity interstate conflict, whether fighting alone or as part of a coalition.
As the experience of the special military operation in Ukraine shows, in the coming months, concrete decisions will be made in the field of politics and economics to strengthen defence potential, not only in the countries involved in the conflict, but also throughout the rest of the world. Such decisions can lead to a sharp increase in the burden on military-industrial complexes and logistics infrastructure, leading to the redistribution of government spending from one sector of the economy to another, as well as the accumulation of military power in various parts of the world.
What are the main political and economic lessons of the Ukrainian crisis at the moment? What changes can the military industry undergo, taking into account the experience of hostilities in Ukraine? What are the prospects for the growth of global military spending against the backdrop of the Ukrainian crisis? Participants of the discussion answered these and other questions.
Working languages: Russian, English.
- Alexander Yermakov, Junior Researcher, Center for International Security, IMEMO RAS (co-author of the report)
- Dmitry Stefanovich, Researcher, Center for International Security, IMEMO RAS (co-author of the report)
- Prokhor Tebin, Head of the Section of International Military-Political and Military-Economic Problems, HSE Center for Comprehensive European and International Studies