How Can Europe Confront the Russian Threat in a Post-American World Order?

Russia’s war against Ukraine is entering a new and uncertain phase. The conflict is no longer shaped only by military developments on the ground, but also by wider geopolitical dynamics: the course of the war with Iran, its repercussions on oil prices and energy markets, sanctions enforcement, political uncertainty within Europe, and growing strains in transatlantic relations.

 

As Russia adapts to a prolonged war economy, a key question is whether Vladimir Putin is politically and financially stronger today than in earlier phases of the conflict. Higher oil prices, loopholes in sanctions enforcement, and divisions within the West could all affect Moscow’s ability to sustain the war.

At the same time, Europe faces a difficult strategic dilemma. How can the EU sustain pressure on Moscow while preparing for a potentially less predictable United States? What would a more autonomous European strategy towards Ukraine and Russia require? 

 

The upcoming IEP Bocconi digital event will address these questions with Bill Browder, recently appointed IEP Bocconi Non-Resident Fellow, CEO of Hermitage Capital Management and Head of the Global Magnitsky Justice Campaign, and Nathalie Tocci, IEP Bocconi Senior Fellow.

 

The discussion will explore the future of Western pressure on Russia, the effectiveness of economic sanctions, the implications of global energy and geopolitical shocks, the impact of European rearmament as a tool of deterrence, and Europe’s role in sustaining Ukraine while strengthening its own security posture.

 

 

 

Bill Browder: IEP Bocconi Non-Resident Fellow; CEO, Hermitage Capital Management; Head of the Global Magnitsky Justice Campaign

Nathalie Tocci: IEP Bocconi Senior Fellow

 

Stefano Feltri: IEP Bocconi Communication Advisor