The actual fallout of the price cap depends in part on the contractual situation between seller and buyer. However, no contract is immune to the forces of the free market.

From Europe’s north to her south, it is difficult to avoid the sense that the prevailing order is coming apart, that the cultural revolution to which her people have been subjected is being met with some real resistance.

Energy analysts warn of the dangers that market intervention tools, such as price caps, present. For the EU, it is “unchartered territory.”

We Estonians know from our own historical experience what happens when we make concessions to Russia.

The French president considers these cases a challenge to his political authority, and he has no intention of yielding. For the moment, there is no official reaction to either affair by the Élysée.

In the aftermath, it is doubtful whether Moscow will experience much impediment to its war’s prosecution. However, to Ukraine it is both a symbolic and political victory, as it helps to raise confidence in its western backers.

Like the world which Kojève observed in 1945 and again in 1957, ours is a world of great powers vying for global dominance.

The North Korean army launched an intermediate-range ballistic missile, which flew over Japan. South Korea and the United States responded on the same day with precision strike drills and several missiles launched into the sea.

Estonian home prices rose more than 20% year-to-year for the third quarter in a row.

Ukrainian President Zelensky was recorded calling upon NATO to consider “preemptive strikes” against Russia, rather than “waiting for the nuclear strikes first” and then retaliating.

Whether this new ‘European Political Community’ will indeed become a ‘United Nations in Europe,’ so dubbed by Lithuanian President Gitanas Nausėda, remains to be seen. As of now, it bears all the hallmarks of just the latest talk shop.

In a move that left the White House “disappointed,” OPEC+ announced a cut of its oil production by 2 million barrels a day, which amounts to 2% of global oil production. The political and economical fallout may have far-reaching consequences.