Bill Browder on What's Next for Russia

Real Vision: Finance & Investing

Real Vision

Business News, Business, Investing, News

4.1 • 1.1K Ratings

🗓️ 8 March 2022

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Re-pricing in the aftermath of Russia’s invasion of Ukraine remains the dominant theme across global financial markets, with energy and food supplies top-of-mind for investors and policymakers alike. West Texas Intermediate crude reached levels last seen in 2008 on reports the U.S. federal government is actively considering a ban on Russian oil imports. Wheat is also trading at decade-and-a-half highs. And European natural gas has surged 79% since the onset of war. Squeezing Vladimir Putin seems the international community’s primary strategy right now. According to Bill Browder, a longtime nemesis of the Russian president, “The only way we can stop Putin is to starve him of resources.” Browder, co-founder and CEO of Hermitage Capital Management and the leader of the Global Magnitsky Justice Campaign, joins Real Vision’s Maggie Lake for today’s Daily Briefing to address Russia’s invasion of Ukraine and to assess the impact of coordinated international sanctions on Putin’s government, the oligarchs who support him, and the Russian economy. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3ClhVc6 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hello and welcome to the Real Vision Daily Briefing.
0:07.7	It's Monday, March 7th, 2022, on Maggie Lake, here with William Browder, the CEO of Irmitage
0:13.6	Capital.
0:14.6	Bill, thanks so much for being here with us.
0:16.4	Great to be here.
0:17.9	The global economy continues to reel from the crisis in Ukraine, oil surged again.
0:23.6	We had nickel up an astounding 60% today, wheat is limit up another 7%, U.S. equities closing
0:32.4	at their lows, as we close trade, stopping at this moment on the lows of the day.
0:38.6	So investors really trying to wrap their head around this.
0:42.0	I just want to be before we dive in for those many, many of our viewers know you well, but
0:46.8	for those who are not familiar with your background, you're firmly made its reputation
0:51.4	by uncovering the corruption at Russian firms.
0:54.6	You personally became a target as a result.
0:57.1	You were banned from the country.
0:58.8	The lawyer that worked for you, Sergei Magnitsky, was arrested, died in custody in Russia.
1:04.6	You sought justice for him, got the Magnitsy Act passed against a lot of odds, and have
1:10.5	really been, you know, toe-to-toe with Putin for what, the better part of 15 years now.
1:15.6	So I can't think of a more perfect person to sit down with at this moment.
1:20.5	What do you think the mindset, what do we need to understand about the mindset of Putin
1:25.1	at this very critical juncture?
1:27.1	Well, so Putin has been a dictator for 22 years.
1:32.0	He's been a dictator who's stolen an enormous amount of money from the Russian people.
	...

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