Isolation nation: Why sanctions on Russia are working… and what we must do next.

The Bunker

Podmasters

News, Politics, Society & Culture, Government

4.6 • 984 Ratings

🗓️ 22 August 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over 1.5k Russian people and entities have been sanctioned by the UK over its illegal invasion of Ukraine. A year on, are they actually working? And could there be more to come? Mark Harrison is Emeritus Professor of Economics at the University of Warwick. He joins Alex Andreou in The Bunker. “Historically the difficulty of sanctions has been that the prediction of the impact of them are always overestimated.” – Mark Harrison. “Sanctions can do very little on their own, except push Russia towards more adventurism.” – Mark Harrison. “Russia will find workarounds, but we have to work to make that as costly as possible.” – Mark Harrison. www.patreon.com/bunkercast Written and presented by Alex Andreou. Producer: Chris Jones. Audio production: Simon Williams. Group Editor: Andrew Harrison. Managing Editor: Jacob Jarvis. Music by Kenny Dickinson. THE BUNKER is a Podmasters Production Instagram | Twitter Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved
0:05.5	photography but I turn it into earning a living at 60. I enrolled on a day course.
0:11.8	Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?
0:13.0	I loved going to college.
0:14.0	It's good you can retrain and do something.
0:16.0	Yeah, yeah.
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0:30.0	Pets brings so much joy.
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1:15.0	Taken together these economic sanctions are a new kind of economic statecraft with a power to inflict damage that rivals military might.
1:25.0	Those were the words of President Biden in March 2022.
1:28.8	A year and a half later, the world seems to have settled into a new horrible normal instead.
1:34.6	Did leaders over promise what economic sanctions could deliver?
1:38.5	Or are they a war of attrition during which we must hold our nerve. My guest today is an emeritus
1:44.6	professor of economics at the University of Warwick with a lifelong research focus on
1:49.1	Russian and international economic theory and a keen interest on the effect of economic sanctions.
1:54.4	Welcome back to the bunker Professor Mark Harrison.
1:57.1	Thank you.
	...

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