Russia’s economic contradiction
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 6 June 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
From the BBC World Service: Vladimir Putin is hosting the International Economic Forum. There’s a bit of a contradiction there: Despite being the most sanctioned country in the world, Russia’s economy is set to grow faster than all advanced economies this year. Also, Gen Z is posing a challenge for alcohol companies. And later, tourism officials in Henan, China, admitted the famous Yuntai Falls use hidden water pipes to boost the flow.
Transcript
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| 0:00.0 | My name is Lee Hawkins. I've been a journalist for over 25 years. On my new |
| 0:08.8 | podcast, What Happened in Alabama, I get answers to some of the hardest questions about how things |
| 0:15.4 | came to be for many black Americans and the truth that must come before any reconciliation can |
| 0:21.6 | happen. I investigate my family history, my upbringing in |
| 0:26.2 | Minnesota and my father's painful nightmares about growing up in Alabama. What happened |
| 0:32.1 | in Alabama is a new series confronting the cycles of trauma for myself, |
| 0:37.0 | my family, and for many black Americans. |
| 0:40.0 | Listen now. Remind me again why is Russia's economy doing so well when it's been sanctioned so much? |
| 0:57.0 | Hello, I'm Leanna Byrne and thank you for tuning in to the Marketplace Morning Report and we are |
| 1:00.8 | live from the BBC World Service. Yeah it's quite a |
| 1:03.7 | contradiction. Russia is the most sanctioned country in the world and yet this |
| 1:07.9 | year its economy is set to grow faster than all advanced economies. That's |
| 1:11.4 | according to the International Monetary Fund. |
| 1:13.7 | This week President Vladimir Putin is hosting an international economic forum |
| 1:18.1 | in the Russian city of St. Petersburg and this BBC's Steve Rosenberg is there. |
| 1:23.0 | At an economic forum in St. Petersburg, something rather odd is happening. |
| 1:29.0 | On the hour, every hour, a gigantic robot, it looks like something out of Transformers, bursts into life, |
| 1:38.0 | and wax is lyrical on the state of the Russian economy. Can you smell that? he says. |
| 1:46.0 | I just love the scent of economic success. |
| 1:49.0 | The Russian economy and economic success. Now that's a combination that may surprise you. |
| 1:55.7 | Today I'm authorizing additional strong sanctions. After Russia's full-scale |
| 2:01.3 | invasion of Ukraine Western leaders imposed heavy sanctions on Moscow |
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