JOURNAL OF DEFENCE STUDIES

Geo-economic Implications of the Conflict in Ukraine

Dr Rajan Katoch, IAS (Retd) is a former Secretary, Heavy Industry, Government of India. In the course of a distinguished civil service career, he has served in the Finance and Commerce Ministries, and on deputation to the World Bank.

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Rajan Katoch

January-March 2023

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Commentaries

An unusual, multi-dimensional conflict is underway in Europe. One dimension of this conflict is that Ukraine and Russia are engaged in seemingly endless conventional military battles on the ground in Ukraine. The other dimension is that United States (US) led North Atlantic Treaty Organization (NATO) alliance is arming and funding Ukraine for these battles. The alliance is also pursuing an all-out economic war against Russia through trade and financial sanctions against Russia, and Russians.