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Yuriy Gorodnichenko

Yuriy Gorodnichenko is the Quantedge Presidential Professor of Economics at the University of California, Berkeley.

Articles

Soldiers of the British Army during a military exercise near Hohenfels, Germany, on March 12, 2025.

5 key steps for Europe to bolster defense against Russia

The European Commission recently unveiled a plan for rearming the European Union and strengthening the bloc’s defense capabilities. By 2030, the Commission intends to arm Ukraine and develop member states’ militaries to the extent needed to deter or counter Russian aggression. To fund this effort, the Commission plans to borrow 800 billion euros ($873 billion) over the next four years. It is encouraging that Europe has finally woken up to the Russian threat and developed a credible medium-term

Opinion: The EU should help Ukrainian refugees return home

After Russia launched its full-scale invasion of Ukraine on Feb. 24, 2022, millions of Ukrainians found refuge in the European Union, with Germany and Poland alone taking in about one million refugees each. But this was always meant to be a temporary solution. The protracted war of attrition that is now underway in Ukraine demands a different approach. The answer is not greater integration into host countries. Ukrainians are already integrating in Germany and elsewhere, but as Ukrainian Preside

Opinion: Defeatists will be on the wrong side of history

Over two years into Russia’s full-scale invasion of Ukraine, the mood among Ukraine’s supporters is dropping. There are several reasons for this, including Ukraine’s unsuccessful counteroffensive last year, the replacement of the popular Valerii Zaluzhnyi as commander-in-chief of Ukraine’s Armed Forces, tension among Ukraine’s leadership, mobilization difficulties, delays in weapons and ammunition deliveries by Ukraine’s Western allies, and the stalled $60 billion aid package in Washington. Al

Opinion: Protecting Ukraine aid from Western political dysfunction

With each passing day, it becomes increasingly evident that Western support for Ukraine has become ensnared in various domestic and geopolitical developments that have nothing to do with Ukraine’s struggle to defend itself. As Russia’s war of aggression approaches its second anniversary, it is crucial to establish a more resilient and stable funding mechanism. Although economists rarely agree on anything, there is a broad consensus that the cost of failing to provide Ukraine with enough support

Opinion: Russian revanchism must be defeated in Ukraine

BERKELEY/KYIV – Earlier this month, U.S. President Joe Biden’s administration warned Congress that the U.S. is “out of money – and nearly out of time” to send aid and weapons to Ukraine. This, together with the recent warning by Ukraine’s top general, Valerii Zaluzhnyi, that “sooner or later we are going to find that we simply don’t have enough people to fight,” has been interpreted by some commentators as a sign of Ukraine’s imminent defeat and the urgent need to negotiate with Russia. But thi

Opinion: Russia’s defeat must be democracies’ goal

Proposals for peace negotiations between Russia and Ukraine are pointless and dangerous. The Kremlin will not offer peace in exchange for Ukrainian territories, because its goal is not territorial but the elimination of Ukraine on the way to completing Russia’s “historical mission” of destroying the “decadent West.” BERKELEY/KYIV – The democratic world, one hears constantly from its leaders, will support Ukraine for “as long as it takes.” But, given these leaders’ reluctance to give Ukraine wha

Gorodnichenko, Sologoub: The Ukraine-Russia culture war

BERKELEY/KYIV – When Russia launched its full-scale invasion of Ukraine in February 2022, few expected resistance to last longer than a few days. In both Russia and the West, Russian troops were expected to sweep into Kyiv, parade uniforms in hand, install a proxy government, and effectively end Ukrainian statehood. But whereas Western leaders believed that Ukraine was no match for Russia militarily, Russian President Vladimir Putin’s confidence in a swift victory rested on a more fundamental a