Photo: symposium.org
Assistance to Ukraine is now one of the best steps to support the global economy, says British historian and writer Neil Ferguson.
Niall Ferguson, a British historian, writer, and journalist who is a professor of history at Harvard University and a senior fellow at Stanford University, made this statement during the annual Yalta European Strategy (YES) meeting, as reported by Ukrinform.
“Some people in the US — will say that investment in the Ukraine war is a waste of money. But this is not the case — this war is an extraordinarily efficient war with a decent prospect of success even without the miracles that might have been good from the counter-offensive. In fact, it is the best value for money. Ensuring Ukraine’s national security is the best financial investment,” — said Niall Ferguson at the annual meeting of the Yalta European Strategy (YES) “The Future Is Being Decided in Ukraine”, organised by YES .
The Senior Fellow believes that Ukraine’s loss in the war will be a disaster not only for Ukraine but for the whole world, as a new Cold War will be complicated for the West to sustain financially.
“We cannot afford to lose this war. If, two years from now, our attention span has wavered. If the Russian offensive is being reported on, this is not just a tragedy for Ukrainians but for Europe and the whole world. The Pacific region is also turbulent. The cost of a hypothetical reconquest of Taiwan is much higher than the price of supporting Ukraine. Both the United States and its allies will not be able to financially cover the costs of a new Cold War,” Niall Ferguson summarised.
YES is a forum where Ukraine’s European future is discussed in a global context. The forum includes a dialogue between leaders of Ukraine, the EU, the US, and other parts of the world. YES brings together leaders from politics, business, media, civil society, and the expert community.
Inaugurated in 2004, the conference was held annually in the Livadia Palace in Yalta until 2013. After the occupation of Crimea by Russia, the annual YES meetings were relocated to Kyiv.