War in Ukraine

More than two months after the beginning of Russia’s barbarian invasion of Ukraine on 24 February, prospects for a resolution of the war seem increasingly unlikely. As the conflict has intensified, Western sanctions against Russia have continued to pile up, with no less than six waves of sanctions imposed by the European Union.

At a time when we are tackling the economic repercussions of the war and partly also of the pandemic, responsible risk management is of fundamental importance on the one hand while, on the other, it is essential to rise to completely new challenges such as the inflow of 3 million refugees to Poland from neighbouring Ukraine or the changes occurring on the energy market.

Russia’s invasion of Ukraine has contributed to stagflation trends in the economy. Powerful migration movements have affected demand and the overall labour market. Having found itself in the frontline zone, Poland will nonetheless not suffer any decline in attractiveness as an investment destination.

Russia’s attack on Ukraine is the greatest test of international solidarity that the transatlantic community has faced since World War 2. Capital market institutions reacted quickly and decisively.

24 February 2022 was one of the most tragic dates in the history of the 21st century. Unprovoked, Russia attacked its neighbour, making the blackest scenario my political faction has been cautioning against come true. War in Ukraine should make everyone realise that the Kremlin and its policy are a threat not only to our region but to the world at large. Furthermore, Russia’s aggression against our neighbour should open all of Europe’s eyes to other things.