The old iron curtain divided Europe. The new iron curtain unites Europe. What it means for the United

States is not as clear. Whatever stalemate, if that's the word that might arise from this,

these are going to be more or less permanent changes. I don't think that the world is going to say,

well, you know what? It's been a while. We can go back to the way it was.

Welcome to Living Beyond Borders, a podcast from City Private Bank and G0 Media.

On this program, we examine global risks and opportunities from the angles of both politics and economics.

I'm Shari Friedman, managing director of climate and sustainability at Eurasia Group.

Today we're asking some big questions. Has Russia's

invasion of Ukraine led to a new Cold War? And what does that mean for the U.S., Europe, and the world?

In 1985, after four decades of standoff between the world's biggest superpowers, then U.S.

President Ronald Reagan had a private conversation with Soviet

leader Mikhail Gorbachev. Reagan asked him, what would you do if the United States were

suddenly attacked by someone from outer space? Would you help us? Gorbachev's response, no doubt about it.

That moment didn't magically end one of the greatest political power struggles in history,

but it did start to melt the ice.

Fast forward to 2009, in that same city, Geneva, another pair of leaders met.

This time, U.S. Secretary of State Hillary Clinton and Russian foreign Minister Sergei Lavrov famously agreed to a

relationship reset. Now in 2022, the hopes of that ever happening again seem rather low. And this is

where our conversation begins. I'm joined by Stephen Whiting, Chief Investment Strategist and Chief

Economist at City Global Wealth Investments,

and Ian Bremmer, president of Eurasia Group and GZero Media. Welcome to you both.

Thanks for having me. Thanks so much. Ian, you shared that Reagan Gorbachev anecdote at the start of your

...