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Viewsroom

China jitters, energy decoupling and Russian gold

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 31 March 2022

⏱️ 24 minutes

🧾️ Download transcript

Summary

The war in Ukraine is spurring investors and governments to act fast. In this Viewsroom podcast, Breakingviews columnists discuss foreign cash fleeing Beijing, the West’s rapid plan to de-Russify its energy mix and Vladimir Putin’s options for his $140 billion gold chest. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Where do you find a clear signal in a world of static?

0:03.2

In a time of rapid change cut through the noise,

0:06.2

the economist goes beyond the headlines to decode the forces shaping today and defining tomorrow.

0:12.7

Get the full story.

0:14.1

It's more than news.

0:15.4

It's a trusted global perspective.

0:17.2

The economist know which way is up.

0:20.7

The views expressed on this podcast are those of the participants, not Arroyd's news.

0:28.2

The war on Ukraine sparks foreign capital flight in China. The West de-russifies its energy mix,

0:34.8

and we reveal options for Moscow's $140 billion gold chest.

0:41.8

This Breaking Views podcast is sponsored by Refinnative, a London Stock Exchange business.

0:47.8

Welcome back to the views room. I'm your co-host, Amy Donnellan, a columnist at Breaking Views

0:53.2

coming to you from the heart

0:54.6

of Canary Wharf in London.

0:57.2

Soaring gas and electricity prices are piling pressure on Western governments and forcing

1:02.1

them to wean themselves off Russian energy faster than anyone expected.

1:06.8

In Moscow, sanctions are squeezing the economy, which may prompt Vladimir Putin to explore a sale of the

1:12.6

country's gold stores. And China, one of Russia's allies, is experiencing collateral damage

1:18.6

as foreign investors pull their money out of Beijing. First, Pete Sweeney and I discuss how close

1:24.5

ties with Moscow are making foreign investors jittery in China.

1:28.8

Next up, I chat to George Hay about Vladimir Putin's decision to demand payment for hydrocarbon

1:33.9

and rubles and how that might accelerate the West decoupling from Russian energy.

...

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