Money Talks: Sanctioning behaviour
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 2 March 2022
⏱️ 41 minutes
🧾️ Download transcript
Summary
In response to Russia’s invasion of Ukraine, the West imposed unprecedented financial sanctions, effectively freezing the reserve assets of Russia. This triggered chaos in Russia's economy and prompted president Vladimir Putin to make nuclear threats, sending shock waves around the world. Will Russia weaponise energy and cut off its oil and gas supplies to the West? And, having crossed the Rubicon, the West has a new potent weapon—its use is being watched very carefully by China.
The Economist’s global energy and climate innovation editor, Vijay Vaitheeswaran, hosts with senior editor Matthew Valencia, business affairs editor Patrick Foulis and Juan Zarate, American former deputy national security adviser and author of “Treasury’s War”.
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Transcript
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| 0:00.0 | With so much uncertainty in the world, businesses need a solid plan that they can implement |
| 0:04.8 | quickly. |
| 0:05.8 | A plan that's ambitious enough to drive the scale of transformation with practical solutions |
| 0:10.4 | to provide real-world results. |
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| 1:09.2 | As Russia's slow motion take over of Ukraine advances on the icy ground, the West is punishing |
| 1:15.0 | Vladimir Putin with economic sanctions to freeze Russia's access to the arteries of global |
| 1:20.3 | finance. |
| 1:22.4 | Having aggressive punitive action against such a large economy is uncharted territory. |
| 1:28.3 | Deterrence and coercion in this new war now have as much to do with bank transfers as |
| 1:32.8 | with bonds. |
... |
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