Russia’s invasion of Ukraine pursues imperial objectives and has the hallmarks of a war of extermination, bringing suffering and destruction to the Ukrainian people. At the same time, the attack has shaken the European peace and security framework to the core, making its wholesale revision inevitable. The consequences of this war are being felt around the world, with crisis management in the conflict over Iran’s nuclear installations stalled, regional conflicts eclipsed by great-power rivalries, trade relations disrupted, and food security in many of the countries importing from Russia and Ukraine at risk.