The Parliament of the Republic of Poland was one of five European parliaments which – in view of the full-scale aggression by Russia against Ukraine which commenced on 24 February 2022 – adopted resolutions declaring the Russian Federation as a state associated with terrorism. The Polish acts are consistent with resolutions adopted on the same subject by the Parliamentary Assembly of the Council of Europe (PACE) and the European Parliament of the European Union (EP).
Although not legally binding, the adoption of these resolutions have a large symbolic dimension and may have a negative impact on the perception of and possibilities of Russian participation in the international arena. From the Polish perspective, the national decisions linking Russia with terrorist activities will influence decisions taken within the sanctions regime, as well as with regard to the legal qualification of certain acts under Polish criminal law in the course of proceedings conducted by Polish prosecution authorities in relation to the war. Finally, as long as the war continues and the assessment of Russia as a terrorist state remains in place, it will not be possible to restore and maintain ordinary diplomatic, economic and other relations with that state.

The third decade of the 21st century clearly reminded us of the volatility, uncertainty, complexity and ambiguity of the environment in which economies, organizations and individuals operate, bringing at least two serious economic crises. On the one hand, the COVID-19 pandemic brought an unprecedented shock of both demand and supply nature, thus materializing the risks associated with the system of international economic connections constructed over many decades. On the other hand, we are facing a global economic crisis caused by Russia's armed aggression against Ukraine. The aim of the article is to capture the impact of the above-mentioned phenomena on the economic situation in Poland from the internal and international perspective, with the global perspective also taken into account. As part of the internal perspective, the focus was on inflationary processes in the short and long term, taking into account their course and possible countermeasures. As part of the international perspective, attention was drawn to one of the most frequently discussed issues, which is making forecasts and assessments regarding the effectiveness and efficiency of sanctions imposed on Russia and Belarus. The second problem within this perspective, which affects both many European economies and developed economies around the world in a tanginble way, is Europe's dependence on Russia for access to energy resources and on China for production capacity. The third issue from the international perspective are the problems related to the reconstruction of the Ukrainian economy after the war and the development prospects of this economy, paying particular attention to the role that Polish enterprises can play in these processes. Finally, within the global perspective, attention was paid to two issues, namely the so-called economy of moderation and the future of globalization. It was assumed that moderation can be considered a synonym of global rationality and a guarantee of the long-term survival of civilization, and therefore also a special case of the so-called common good. With regard to globalization, understood as an advanced form of internationalization, the focus was on the opportunities and threats for the region of Central and Eastern Europe resulting from significant changes in international value chains in connection with the COVID-19 pandemic and the war in Ukraine.

On 19 March 2019 the European Union (EU) adopted the Regulation establishing a framework for the screening of foreign direct investments into the EU (the “Regulation”). Four years later, the geopolitical situation changed completely as a result of the Russian aggression against Ukraine. Since February 2022 the EU has successively expanded its sanctions imposed against Russia. In parallel – on 6 April 2022 – the European Commission published the Guidance to the Member States concerning foreign direct investment from Russia and Belarus in view of the military aggression against Ukraine and the restrictive measures laid down in recent Council Regulations on sanctions.
The aim of the article is to draw attention to selected aspects of the Regulation which may be relevant in face of the threats to the European and national security and public order posed by the actions of the regimes of Russia and Belarus, following the invasion of Ukraine. In the perspective of the ongoing war in Ukraine, the issues discussed in this article may be points that are worth considering when amending the Regulation in view of the announced revision of the Regulation in Autumn 2023.