The war in Ukraine has been ravaging European economy for the past year. Marking the recent one-year anniversary of the invasion, this article looks at the economic sanctions imposed upon Russia and assesses their effect.

Marking the first anniversary of the Russian invasion of Ukraine, Tibor Benkő, the Hungarian minister of defence at the start of the war, and György Nógrádi, acclaimed security policy expert discussed the war at an event organised by the Batthyány Lajos Foundation.

‘We did not set the speech up some kind of head-to-head. This is not a rhetorical contest with anyone else,’ underlined US national security adviser Jake Sullivan, stating that Biden’s speech was not planned as a direct rebuttal to Putin.