Luca Léry Moffat
@lucalerymoffat.bsky.social
economics reporter @kyivindependent.com
formerly @bruegel.org
formerly @bruegel.org
Ukraine is considering a cocktail of ideas to keep its finances afloat while it waits for Brussels to greenlight new aid, and a big drop in foreign aid in 2026 looms.
See my latest piece for the Kyiv Independent:
kyivindependent.com/kyiv-plots-h...
See my latest piece for the Kyiv Independent:
kyivindependent.com/kyiv-plots-h...
Kyiv plots how to stretch finances as Brussels drags feet
Get more news like this directly to your inbox every week by subscribing to our Ukraine Business Roundup newsletter.
Ukraine is considering a cocktail of ideas to keep its finances afloat while it wa...
kyivindependent.com
November 5, 2025 at 2:30 PM
Ukraine is considering a cocktail of ideas to keep its finances afloat while it waits for Brussels to greenlight new aid, and a big drop in foreign aid in 2026 looms.
See my latest piece for the Kyiv Independent:
kyivindependent.com/kyiv-plots-h...
See my latest piece for the Kyiv Independent:
kyivindependent.com/kyiv-plots-h...
When Zelensky’s top legal advisor Iryna Mudra suggested to European partners in 2022 that Russia’s frozen assets be used to compensate Ukraine, she says she was met with little enthusiasm.
3 years later, there is wide European support for a ‘reparations loan’ to Kyiv, backed by the Russian assets.
3 years later, there is wide European support for a ‘reparations loan’ to Kyiv, backed by the Russian assets.
October 24, 2025 at 9:55 AM
When Zelensky’s top legal advisor Iryna Mudra suggested to European partners in 2022 that Russia’s frozen assets be used to compensate Ukraine, she says she was met with little enthusiasm.
3 years later, there is wide European support for a ‘reparations loan’ to Kyiv, backed by the Russian assets.
3 years later, there is wide European support for a ‘reparations loan’ to Kyiv, backed by the Russian assets.
'Very cautious decision' — Ukraine's central bank leaves interest rate unchanged at 15.5%.
See more here: kyivindependent.com/very-cautiou...
See more here: kyivindependent.com/very-cautiou...
October 23, 2025 at 1:46 PM
'Very cautious decision' — Ukraine's central bank leaves interest rate unchanged at 15.5%.
See more here: kyivindependent.com/very-cautiou...
See more here: kyivindependent.com/very-cautiou...
Ukraine's central bank has held the country's exchange rate relatively stable in the last year after the initial volatility caused by Russia’s full-scale invasion. But that might be about to change.
Read more: kyivindependent.com/will-ukraine...
Read more: kyivindependent.com/will-ukraine...
October 21, 2025 at 7:01 PM
Ukraine's central bank has held the country's exchange rate relatively stable in the last year after the initial volatility caused by Russia’s full-scale invasion. But that might be about to change.
Read more: kyivindependent.com/will-ukraine...
Read more: kyivindependent.com/will-ukraine...
Reposted by Luca Léry Moffat
The International Monetary Fund left its forecasts for Ukraine’s economic growth unchanged, despite a looming hole in the country’s finances and intensifying Russian attacks on energy infrastructure.
IMF keeps Ukraine's growth forecast unchanged, despite mounting attacks on energy
The IMF forecasted 2% growth in 2025 and 4.5% in 2026, unaltered from its April 2025 projections.
kyivindependent.com
October 14, 2025 at 6:10 PM
The International Monetary Fund left its forecasts for Ukraine’s economic growth unchanged, despite a looming hole in the country’s finances and intensifying Russian attacks on energy infrastructure.
Reposted by Luca Léry Moffat
The European Council has agreed to reduce and eliminate duties on a range of Ukrainian agricultural products, paving the way for the first significant update to tariffs under an EU-Ukraine trade agreement since it was adopted in 2016.
EU, Ukraine move forward with new trade agreement, deepening ties
The European Council has agreed to reduce and eliminate duties on a range of Ukrainian agricultural products, paving the way for the first significant update to tariffs under an EU-Ukraine trade agree...
kyivindependent.com
October 13, 2025 at 7:38 PM
The European Council has agreed to reduce and eliminate duties on a range of Ukrainian agricultural products, paving the way for the first significant update to tariffs under an EU-Ukraine trade agreement since it was adopted in 2016.
Reposted by Luca Léry Moffat
GDU Figure of the Week
After 2022 Ukraine often relied on electricity imports.
But this summer, Ukraine, once again became a structural exporter. And last month, Ukraine's exports even exceeded pre-invasion levels.
www.linkedin.com/posts/green-...
thx to R.Stubbe
After 2022 Ukraine often relied on electricity imports.
But this summer, Ukraine, once again became a structural exporter. And last month, Ukraine's exports even exceeded pre-invasion levels.
www.linkedin.com/posts/green-...
thx to R.Stubbe
October 2, 2025 at 4:11 PM
GDU Figure of the Week
After 2022 Ukraine often relied on electricity imports.
But this summer, Ukraine, once again became a structural exporter. And last month, Ukraine's exports even exceeded pre-invasion levels.
www.linkedin.com/posts/green-...
thx to R.Stubbe
After 2022 Ukraine often relied on electricity imports.
But this summer, Ukraine, once again became a structural exporter. And last month, Ukraine's exports even exceeded pre-invasion levels.
www.linkedin.com/posts/green-...
thx to R.Stubbe
Check out and follow Work-in-Data! I've been working on this since 2021 — first as a research assistant helping to build the datasets, and now as a writer helping to spread new findings about global inequality.
There are three short blogs up on the website with more to come!
There are three short blogs up on the website with more to come!
Welcome to Work-in-Data!
Over the past few years, we’ve brought together thousands of labour force and time-use surveys to create two powerful resources: the Harmonised World Labour Force Survey (HWLFS) and the Harmonised World Time Use Survey (HWTUS). 1/5
Over the past few years, we’ve brought together thousands of labour force and time-use surveys to create two powerful resources: the Harmonised World Labour Force Survey (HWLFS) and the Harmonised World Time Use Survey (HWTUS). 1/5
September 10, 2025 at 12:46 PM
Check out and follow Work-in-Data! I've been working on this since 2021 — first as a research assistant helping to build the datasets, and now as a writer helping to spread new findings about global inequality.
There are three short blogs up on the website with more to come!
There are three short blogs up on the website with more to come!
As leaders attend the Ukraine Recovery Conference in Rome, reconstruction feels furthest in the places it's needed most.
See my latest for the Kyiv Independent.
See my latest for the Kyiv Independent.
The Ukraine Recovery Conference in Rome on July 10-11 is meant to chart a path forward — but with Russia advancing on the battlefield and no peace in sight, those still trying to help wonder if these communities will ever be restored to life.
Read more: kyivindependent.com/reconstructi...
Read more: kyivindependent.com/reconstructi...
July 10, 2025 at 8:45 PM
As leaders attend the Ukraine Recovery Conference in Rome, reconstruction feels furthest in the places it's needed most.
See my latest for the Kyiv Independent.
See my latest for the Kyiv Independent.
Reposted by Luca Léry Moffat
Important story in EuroMaidan Press, which builds on reports that Russia uses Ukrainian civilians for ‘target practice’.
I recently spoke to Olena who lives just 4km from Russian-occupied territories.
She told me that her city, Nikopol, is a “training ground” for new Russian recruits. A short🧵
I recently spoke to Olena who lives just 4km from Russian-occupied territories.
She told me that her city, Nikopol, is a “training ground” for new Russian recruits. A short🧵
The UN confirmed what I saw in Kherson: Russia is hunting civilians for sport - Euromaidan Press
First-hand account from Kherson where 100 Russian drones daily target civilians in what UN investigators now confirm as deliberate war crimes.
euromaidanpress.com
June 1, 2025 at 10:17 AM
Important story in EuroMaidan Press, which builds on reports that Russia uses Ukrainian civilians for ‘target practice’.
I recently spoke to Olena who lives just 4km from Russian-occupied territories.
She told me that her city, Nikopol, is a “training ground” for new Russian recruits. A short🧵
I recently spoke to Olena who lives just 4km from Russian-occupied territories.
She told me that her city, Nikopol, is a “training ground” for new Russian recruits. A short🧵
In my piece for the Kyiv Independent, I report what today’s return of EU tariffs on Ukrainian agricultural goods means for everyone involved.
Here are a three charts that tell part of the story.
Number 1: the surge of cereal imports from Ukraine into bordering EU countries.
Here are a three charts that tell part of the story.
Number 1: the surge of cereal imports from Ukraine into bordering EU countries.
June 6, 2025 at 11:03 AM
In my piece for the Kyiv Independent, I report what today’s return of EU tariffs on Ukrainian agricultural goods means for everyone involved.
Here are a three charts that tell part of the story.
Number 1: the surge of cereal imports from Ukraine into bordering EU countries.
Here are a three charts that tell part of the story.
Number 1: the surge of cereal imports from Ukraine into bordering EU countries.
Important story in EuroMaidan Press, which builds on reports that Russia uses Ukrainian civilians for ‘target practice’.
I recently spoke to Olena who lives just 4km from Russian-occupied territories.
She told me that her city, Nikopol, is a “training ground” for new Russian recruits. A short🧵
I recently spoke to Olena who lives just 4km from Russian-occupied territories.
She told me that her city, Nikopol, is a “training ground” for new Russian recruits. A short🧵
The UN confirmed what I saw in Kherson: Russia is hunting civilians for sport - Euromaidan Press
First-hand account from Kherson where 100 Russian drones daily target civilians in what UN investigators now confirm as deliberate war crimes.
euromaidanpress.com
June 1, 2025 at 10:17 AM
Important story in EuroMaidan Press, which builds on reports that Russia uses Ukrainian civilians for ‘target practice’.
I recently spoke to Olena who lives just 4km from Russian-occupied territories.
She told me that her city, Nikopol, is a “training ground” for new Russian recruits. A short🧵
I recently spoke to Olena who lives just 4km from Russian-occupied territories.
She told me that her city, Nikopol, is a “training ground” for new Russian recruits. A short🧵
"Only 43 vessels are jointly sanctioned by the EU, UK and US, so there’s lots of scope to boost overlap of sanctions, which will maximize their effectiveness.”
from @robin-j-brooks.bsky.social
from @robin-j-brooks.bsky.social
May 29, 2025 at 7:42 AM
"Only 43 vessels are jointly sanctioned by the EU, UK and US, so there’s lots of scope to boost overlap of sanctions, which will maximize their effectiveness.”
from @robin-j-brooks.bsky.social
from @robin-j-brooks.bsky.social
Reposted by Luca Léry Moffat
The EU has a non-binding goal to phase out Russian gas by 2027. However, the EU continues to rely on Russian energy. The roadmap to phase out Russian gas, oil and nuclear imports will be published today, 6th May. A thread on @bruegel.bsky.social’s research on gas, oil, and nuclear.
May 6, 2025 at 12:50 PM
The EU has a non-binding goal to phase out Russian gas by 2027. However, the EU continues to rely on Russian energy. The roadmap to phase out Russian gas, oil and nuclear imports will be published today, 6th May. A thread on @bruegel.bsky.social’s research on gas, oil, and nuclear.
I arrived in Kyiv this week. Here’s what it feels like:
open.substack.com/pub/lucalery...
open.substack.com/pub/lucalery...
Day 1 in Kyiv
I arrived in Kyiv at 10am.
open.substack.com
April 18, 2025 at 8:00 AM
I arrived in Kyiv this week. Here’s what it feels like:
open.substack.com/pub/lucalery...
open.substack.com/pub/lucalery...
Reposted by Luca Léry Moffat
📊 Chart of the week 💡
This week, we are highlighting one of several charts that feature in the freshly updated Russian foreign trade tracker by Zsolt Darvas, @lucalerymoffat.bsky.social, @catmartins.bsky.social and Conor McCaffrey.
#EconSky
Learn more here: 🔗 https://buff.ly/3Gn28xw
This week, we are highlighting one of several charts that feature in the freshly updated Russian foreign trade tracker by Zsolt Darvas, @lucalerymoffat.bsky.social, @catmartins.bsky.social and Conor McCaffrey.
#EconSky
Learn more here: 🔗 https://buff.ly/3Gn28xw
January 31, 2025 at 1:30 PM
📊 Chart of the week 💡
This week, we are highlighting one of several charts that feature in the freshly updated Russian foreign trade tracker by Zsolt Darvas, @lucalerymoffat.bsky.social, @catmartins.bsky.social and Conor McCaffrey.
#EconSky
Learn more here: 🔗 https://buff.ly/3Gn28xw
This week, we are highlighting one of several charts that feature in the freshly updated Russian foreign trade tracker by Zsolt Darvas, @lucalerymoffat.bsky.social, @catmartins.bsky.social and Conor McCaffrey.
#EconSky
Learn more here: 🔗 https://buff.ly/3Gn28xw
Reposted by Luca Léry Moffat
#12daysofBruegel
📝 Dive into the economic and institutional implications of Ukraine’s potential EU accession.
➡️ Zsolt Darvas, Marek Dabrowski, André Sapir, @heathergrabbe.bsky.social
@lucalerymoffat.bsky.social
@gzachmann.bsky.social
🧷 Read here: https://buff.ly/3vMpLwM
#econsky
📝 Dive into the economic and institutional implications of Ukraine’s potential EU accession.
➡️ Zsolt Darvas, Marek Dabrowski, André Sapir, @heathergrabbe.bsky.social
@lucalerymoffat.bsky.social
@gzachmann.bsky.social
🧷 Read here: https://buff.ly/3vMpLwM
#econsky
The impact on the European Union of Ukraine’s potential future accession
This report evaluates the impact on the EU of a possible EU accession of Ukraine, focusing on economic consequences and institutional developments.
buff.ly
December 22, 2024 at 9:00 AM
#12daysofBruegel
📝 Dive into the economic and institutional implications of Ukraine’s potential EU accession.
➡️ Zsolt Darvas, Marek Dabrowski, André Sapir, @heathergrabbe.bsky.social
@lucalerymoffat.bsky.social
@gzachmann.bsky.social
🧷 Read here: https://buff.ly/3vMpLwM
#econsky
📝 Dive into the economic and institutional implications of Ukraine’s potential EU accession.
➡️ Zsolt Darvas, Marek Dabrowski, André Sapir, @heathergrabbe.bsky.social
@lucalerymoffat.bsky.social
@gzachmann.bsky.social
🧷 Read here: https://buff.ly/3vMpLwM
#econsky
Reposted by Luca Léry Moffat
Ecosystem services are either not given a monetary value or are implicitly priced at zero or negatively.
@heathergrabbe.bsky.social @lucalerymoffat.bsky.social summarise the options & outline the main considerations in finding better ways to value nature. #econsky www.bruegel.org/policy-brief...
@heathergrabbe.bsky.social @lucalerymoffat.bsky.social summarise the options & outline the main considerations in finding better ways to value nature. #econsky www.bruegel.org/policy-brief...
Finance for nature: how to improve funding for the protection of biodiversity
This policy brief summarises the options and outlines the main considerations in finding better ways to value nature
www.bruegel.org
December 19, 2024 at 1:02 PM
Ecosystem services are either not given a monetary value or are implicitly priced at zero or negatively.
@heathergrabbe.bsky.social @lucalerymoffat.bsky.social summarise the options & outline the main considerations in finding better ways to value nature. #econsky www.bruegel.org/policy-brief...
@heathergrabbe.bsky.social @lucalerymoffat.bsky.social summarise the options & outline the main considerations in finding better ways to value nature. #econsky www.bruegel.org/policy-brief...
Reposted by Luca Léry Moffat
When @heathergrabbe.bsky.social & @lucalerymoffat.bsky.social announced their work on circular economy, I expected a slap-on-the-wrist talk on correct recycling. It turned out to be about autonomy, value chains, competitiveness, industry, money, kings, and cabbages!
Awesome final event of 2024:
Awesome final event of 2024:
📢 Join us for our next event!
♻️ Discover how the circular economy can enhance Europe’s competitiveness and economic security with our high-level panel.
🧷 Register to join us on-site or online! https://buff.ly/49vxmzg
♻️ Discover how the circular economy can enhance Europe’s competitiveness and economic security with our high-level panel.
🧷 Register to join us on-site or online! https://buff.ly/49vxmzg
December 13, 2024 at 10:27 AM
When @heathergrabbe.bsky.social & @lucalerymoffat.bsky.social announced their work on circular economy, I expected a slap-on-the-wrist talk on correct recycling. It turned out to be about autonomy, value chains, competitiveness, industry, money, kings, and cabbages!
Awesome final event of 2024:
Awesome final event of 2024:
Reposted by Luca Léry Moffat
💡 Europe's energy challenge:
98% of natural gas is imported—much as LNG—costing 5x more than domestic US gas. This dependency drives high electricity prices, with fossil fuels still central to the power mix.
To make energy affordable, Europe must decarbonise. Here's four ways to reduce prices: 🧵
98% of natural gas is imported—much as LNG—costing 5x more than domestic US gas. This dependency drives high electricity prices, with fossil fuels still central to the power mix.
To make energy affordable, Europe must decarbonise. Here's four ways to reduce prices: 🧵
December 9, 2024 at 2:17 PM
💡 Europe's energy challenge:
98% of natural gas is imported—much as LNG—costing 5x more than domestic US gas. This dependency drives high electricity prices, with fossil fuels still central to the power mix.
To make energy affordable, Europe must decarbonise. Here's four ways to reduce prices: 🧵
98% of natural gas is imported—much as LNG—costing 5x more than domestic US gas. This dependency drives high electricity prices, with fossil fuels still central to the power mix.
To make energy affordable, Europe must decarbonise. Here's four ways to reduce prices: 🧵
Reposted by Luca Léry Moffat
NEW: Assad faces an existential threat given the widespread collapse of regime forces and lack of sufficient external backing to bolster these forces.
The Axis of Resistance’s support will almost certainly fail at this time unless larger ground forces are deployed rapidly. isw.pub/IranUpdate12...
The Axis of Resistance’s support will almost certainly fail at this time unless larger ground forces are deployed rapidly. isw.pub/IranUpdate12...
December 7, 2024 at 2:30 AM
NEW: Assad faces an existential threat given the widespread collapse of regime forces and lack of sufficient external backing to bolster these forces.
The Axis of Resistance’s support will almost certainly fail at this time unless larger ground forces are deployed rapidly. isw.pub/IranUpdate12...
The Axis of Resistance’s support will almost certainly fail at this time unless larger ground forces are deployed rapidly. isw.pub/IranUpdate12...
Reposted by Luca Léry Moffat
Hello, Bluesky!
Bruegel is here, ready to explore the big questions of economic policy.
Let’s connect!
Bruegel is here, ready to explore the big questions of economic policy.
Let’s connect!
December 2, 2024 at 1:19 PM
Hello, Bluesky!
Bruegel is here, ready to explore the big questions of economic policy.
Let’s connect!
Bruegel is here, ready to explore the big questions of economic policy.
Let’s connect!
Check out our new podcast on the circular economy! We talk about all the benefits of using fewer resources and making them stretch further.
With @rebeccawire.bsky.social @heathergrabbe.bsky.social and Janez Potočnik.
open.spotify.com/episode/5Nof...
With @rebeccawire.bsky.social @heathergrabbe.bsky.social and Janez Potočnik.
open.spotify.com/episode/5Nof...
Closing the loop: the case for a circular EU economy
open.spotify.com
November 27, 2024 at 1:06 PM
Check out our new podcast on the circular economy! We talk about all the benefits of using fewer resources and making them stretch further.
With @rebeccawire.bsky.social @heathergrabbe.bsky.social and Janez Potočnik.
open.spotify.com/episode/5Nof...
With @rebeccawire.bsky.social @heathergrabbe.bsky.social and Janez Potočnik.
open.spotify.com/episode/5Nof...
Reposted by Luca Léry Moffat
The motherhood (and marriage) penalty in 134 countries.
Great visualisation by my colleagues of a paper by Kleven, Landais et al. www.economist.com/interactive/...
Great visualisation by my colleagues of a paper by Kleven, Landais et al. www.economist.com/interactive/...
How motherhood hurts careers
A new study measures its impact on women’s employment worldwide
www.economist.com
January 31, 2024 at 11:08 AM
The motherhood (and marriage) penalty in 134 countries.
Great visualisation by my colleagues of a paper by Kleven, Landais et al. www.economist.com/interactive/...
Great visualisation by my colleagues of a paper by Kleven, Landais et al. www.economist.com/interactive/...
Reposted by Luca Léry Moffat
This is a brilliant explainer
The Houthis’ forgotten war goes global | Elisabeth Kendall
The Houthis’ forgotten war goes global
The Houthis emerged in Yemen as an Islamist movement in the late 1980s. Following the war in Gaza, their significance has grown as they disrupt trade through the Red Sea, with dangerous potential for ...
engelsbergideas.com
January 12, 2024 at 7:52 AM
This is a brilliant explainer