Money Talks: Who is winning the sanctions war?
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 24 August 2022
⏱️ 42 minutes
🧾️ Download transcript
Summary
At the outset of Russia’s invasion of Ukraine, the West united to impose unprecedented sanctions on Vladimir Putin’s regime. Six months on, a furious debate has erupted about the true state of Russia’s economy, which has so far defied the gloomiest predictions.. So is the West losing the sanctions war?
On this week’s episode, hosts Soumaya Keynes, Mike Bird and Alice Fulwood are joined by senior economics writer Callum Williams to investigate why Russia’s economy is doing better than expected. Then Nicholas Mulder, assistant professor of history at Cornell University, explains how long it has taken for sanctions to have an impact in the past. Finally, deputy chief economist at the Institute for International Finance Elina Ribakova outlines what further measures the West could take.
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Transcript
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| 0:00.0 | Do you hear that? |
| 0:05.3 | It might sound like nothing to you, but it's actually the sound of nuclear, wind and |
| 0:09.9 | solar energy. |
| 0:10.9 | At EDF, we're busy generating more British zero carbon electricity than anyone, to help |
| 0:16.7 | keep future energy costs down for everyone and help cut UK carbon emissions to nothing. |
| 0:22.4 | Sound good to you? |
| 0:24.0 | Find out more about our zero carbon generation at edfenergy.com slash help in Britain. |
| 0:30.0 | Money talks from the economist is sponsored by Invest Puerto Rico. |
| 0:38.6 | More than just a Caribbean paradise, Puerto Rico is a business powerhouse. |
| 0:43.6 | This US territory is a fast-growing hub for innovators. |
| 0:47.5 | Puerto Rico boasts numerous tax credits, business incentives and world-class talent that |
| 0:53.0 | take your business to the next level. |
| 0:55.6 | Find out why at investpr.org. |
| 0:59.0 | Unchangers, welcome home. |
| 1:13.3 | Our worst fears have now come true and all our warnings have proved tragically accurate. |
| 1:19.2 | Six months ago, on February 24th, Russia invaded Ukraine. |
| 1:24.2 | President Putin of Russia has unleashed war in our European continent. |
| 1:30.3 | He's attacked a friendly country without any provocation and without any credible excuse. |
| 1:37.7 | In response, Western nations banded together like never before to issue sanctions. |
| 1:42.9 | Putin's aggression against Ukraine wound up costing Russia dearly economically and strategically. |
| 1:50.4 | We will make sure of that. |
| 1:52.3 | Initially, the Russian economy appeared to be in deep trouble. |
... |
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