Russian stocks and sanctioned gold

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 25 March 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

The economic pressure on Russia continues to build a month after its Ukraine invasion. How Russia is handling its stock market reopening and how the United States plans to close more sanction loopholes.

Transcript

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0:00.0	NPR.
0:11.7	This is the indicator for planted money.
0:12.9	I'm Adrian Ma.
0:14.0	And I'm Diane Woods.
0:15.2	And it is indicators of the week.
0:17.4	It has been one month since Russia invaded Ukraine.
0:20.5	The US and its partners applied harsh economic sanctions to try and put pressure on Russia's
0:25.2	economy.
0:26.2	And for the most part, these economic sanctions have done some damage.
0:30.5	Economists predict the Russian economy will actually contract 15% this year.
0:35.9	And Russia is pushing back.
0:37.6	It is still selling oil and gas to whoever will buy it.
0:41.3	It is working to support its domestic economy.
0:44.5	And it's finding loopholes in the sanctions.
0:47.7	So for our indicators the week, we wanted to take a look at those economic loopholes.
0:51.8	And how the US and its partners are trying to patch up the sanctions dragnet.
0:57.7	Our indicators of the economic battleground after the break.
1:08.6	Support for this NPR podcast and the following message come from 10,000, a premium men's
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1:15.1	Take on the gym, track, trail or home workout in the highest quality, most comfortable
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	...

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