The invasion of Ukraine by the armed forces of the Russian Federation is first and foremost a tragedy for the Ukrainian people but it is also transforming the politics and economics of the European continent and indeed of the wider world. The war promises to be watershed in the history of the region with profound implications for the entire international order. The discussion will address different dimensions of the conflict, including: the impact of the war on the Ukrainian people and Ukrainian statehood; the historical context of the Russian invasion and the Kremlin’s ambitions in the region; Ukrainian and Russian memory wars; the prospects for peace and stability in Europe; the political and economic implications for Russia itself and the regime of Vladimir Putin.