The Evening: Ukraine Economic Loss, U.S. Taiwan Policy, Mama Tried, and More

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Good Evening,

It's Tuesday, May 24th.

Russia’s Strategic Mistake

Russian President Vladimir Putin “made a big strategic mistake” in invading Ukraine, NATO Secretary General Jens Stoltenberg said Tuesday, as the Washington Post reports.

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Ukraine Loses $1 Trillion

Ukraine’s economy has lost about $1 trillion because of Russia’s invasion, according to Oleh Ustenko, an economic adviser to the Ukrainian president, as the NYT reports.

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Taiwan Policy

President Biden said he would maintain longstanding U.S. policy toward Taiwan, a day after triggering global confusion when he said the U.S. would respond militarily to any effort by China to take the island by force, as the WSJ reports.

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Executive Education

Understanding Washington

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offers embassy, business, and nonprofit professionals the tools and knowledge necessary to better navigate the Washington policy ecosystem. Course instructors will share their extensive knowledge about navigating the city's distinctive culture, policy dynamics, and political constructs.

Video Shorts

Check out CSIS's YouTube Channel

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for the latest releases in our “Crisis Crossroads: Ukraine” video series.

In That Number

20 million

World leaders called for international action to deliver 20 million tons of grain trapped in Ukraine. The fear is that if the port of Odesa is not opened, famine and political unrest could arise in some countries, stoking fears that Vladimir Putin is weaponizing food.

Source: NYT

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Critical Quote

“The consequences of these shameful acts are there for everyone to see: Global wheat prices are skyrocketing, and it is fragile countries and vulnerable populations that suffer most.”

— Ursula von der Leyen, President of the European Commission

iDeas Lab

A new CSIS report

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finds that even using a conservative methodology, China’s industrial policy spending is enormous, totaling at least 1.73 percent of GDP in 2019.

The Andreas C. Dracopoulos iDeas Lab at CSIS enhances our research with the latest in cutting-edge web technologies, design, and multimedia.

Optics

(Photo credit: Saul Loeb/AFP/Getty Images.) U.S. President Joe Biden (2nd-L), Japanese Prime Minister Fumio Kishida (2nd-R), Indian Prime Minister Narendra Modi (R) and Australian Prime Minister Anthony Albanese (L) announce the Quad Fellowship during the Quad Leaders Summit at Kantei in Tokyo on May 24, 2022.

Recommended Reading

"Unpacking the Indo-Pacific Economic Framework Launch

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" by CSIS's Aidan Arasasingham, Emily Benson, Matthew P. Goodman, and William Alan Reinsch.

This Town Tomorrow

At 4:00 p.m.

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, join the CSIS Commission on Strengthening America’s Health Security for a fireside chat with Congressman Tom Cole (R-OK-04).

Also, at 9:00 a.m.

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, the Peterson Institute holds a discussion on short-term developments in Ukraine, depth of decoupling from the global economy and structural impact, and implications for Europe and the rest of the world.

and, at 2:00 p.m.

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, the Atlantic Council hosts a conversation about the ambivalence towards the conflict in Ukraine by countries in the Global South, and how this poses a significant challenge for the United States as it attempts to isolate Russia.

Video

Caitlin Welsh, director of the CSIS Global Food Security Program, testified

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before the House Foreign Affairs Middle East, North Africa, and Global Counterterrorism Subcommittee on the topic of food security in the Middle East and North Africa in the wake of Russia’s invasion of Ukraine on May 18, 2022.

Podcasts

This week, the Trade Guys talk the baby formula shortage, last week’s ASEAN summit, and the TRIPS waiver at the WTO.

Listen on Spotify

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& Apple Podcasts.

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Smiles

The music of the Grateful Dead is kept alive in many forms not the least of which is a slew of fantastic Dead cover bands who breathe new life into the classics. LA based Grateful Shred is one of the best of them. A couple of weeks ago the Shred hit Rexlix studios to perform a cover of a cover—interpreting the Dead’s cover of the Merle Haggard standard, “Mama Tried

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”.

I invite you to email me at [email protected]

mailto:[email protected]

and follow me on Twitter @handrewschwartz

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The Evening is my daily guide to key insights CSIS brings to the events of the day. It is composed with the External Relations team: Kendal Gee and Paige Montfort.

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Connect w/ H. Andrew Schwartz



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