Law Department, School of Business and Governance, Tallinn University of Technology
Faculty of Social and Economic Sciences, Comenius University in Bratislava
The Russian invasion of Ukraine has sparked debate over its implications for the world order. Although there is no unanimously accepted perception of ‘world order’, one can assume that the existing one can be described as a system of actors and their relations, developed after World War II as a combination of liberalist and realist elements. This could mean that the order stands for a liberalist international political economy, in addition to liberal internationalism establishing international institutions. At the same time, the importance of realism-based elements, i.e. nuclear deterrence and sovereignty, should not be neglected. The Russian invasion may have smashed the world order; but Russia lacks the required power elements for constructing what it desires to replace it with.