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The John Batchelor Show

1/2: #Russia: Growing under sanctions 2022; struggling under sanctions 2023 & What is to be done?

The John Batchelor Show

John Batchelor

Arts, News, Society & Culture, Books

4.52.8K Ratings

🗓️ 16 August 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

Photo: Rostov 1942. No known restrictions on publication.
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1/2: #Russia: Growing under sanctions 2022; struggling under sanctions 2023 & What is to be done?
https://geopoliticalfutures.com/russias-economic-rebound-nears-its-limits/

Transcript

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0:00.0

At TFL, we're making journeys safer for everyone, and that includes improving safety on London's roads.

0:07.4

That's why we and London boroughs are lowering more speed limits to 20 miles per hour,

0:12.3

because 20 miles per hour roads have already reduced collisions resulting in deaths or

0:16.8

serious injuries by 24%. That is how we're making journeys in London safer and brighter for everyone.

0:24.8

Such TFL improvement plan to the Mayor of London and TFL every journey matters.

0:35.1

This is CBS. I am the world. I'm John Badger. The Russian economy, much in the news,

0:39.9

because of sanctions, because of the troubles in Ukraine and because the general assumption that

0:45.2

the sanctions visited upon Russia many years ago, beginning with the annexation of Crimea,

0:53.7

those sanctions tightened and enforced would oblige Russia to change its course. But I learned

1:01.6

from Akaterina Zalotava for geopolitical futures writing from Moscow that the Russian economy

1:08.4

outperformed in 2022. And the reasons for it are revelatory of how sanctions work,

1:15.2

how countries that live with sanctions learn to deal with them and what about the future.

1:20.7

Akaterina, a very good evening to you. The price of energy is determined for the Russian economy.

1:29.1

What about 2022 surprised the world as the economy survived those severe sanctions? Why?

1:36.0

How did they do it? Good evening to you.

1:38.7

Good evening and I will start my discussion with a little bit historical overview.

1:47.9

First of all, we should remember that Russia has survived several crises. And of course,

1:53.9

Russia has got some experience from this. The major three points that the Russian government

2:00.1

understand that in order to be afloat, the economy should have very low depth or in depth,

2:09.1

very high or well, at least to have very good reserves, as money, as currency, as gold, for example,

2:19.2

and of course, the inflation. Inflation shouldn't be very high. So keeping these three rules,

2:25.2

Russian economy survived the previous year. First of all, despite of the sanctions and despite all

...

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