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The Intelligence from The Economist

Tanks-giving parade? Arming Ukraine

The Intelligence from The Economist

The Economist

News, Global News, Daily News

4.53.7K Ratings

🗓️ 18 January 2023

⏱️ ? minutes

🧾️ Download transcript

Summary

For nearly 11 months Western powers have resisted providing tanks to Ukraine, fearing an unpredictable Russian escalation. What happens now that red line has rightly been crossed? Bankruptcy proceedings simply are not built to untangle the mess left behind by the implosion of FTX, a spectacularly failed crypto firm. And what California’s deadly floods reveal about its climate future.

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Transcript

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0:00.0

Hello and welcome to the intelligence from the economist.

0:06.5

In New York, I'm John Fastman.

0:09.1

And in London, I'm Jason Palmer.

0:11.3

Every weekday, we provide a fresh perspective on the events shaping your world.

0:18.4

American bankruptcy proceedings are a legal tussle between a company and its creditors.

0:23.0

FTX, a defunct crypto exchange, may owe money to as many as 9 million entities, presaging

0:29.8

a long, complex, and potentially painful process.

0:35.7

And the winter rains in California can be heavy and welcome after dry summers.

0:41.5

But this year's storms have been astonishing and have led to deadly floods.

0:46.4

The forces behind them are only set to get worse in the coming years.

0:56.0

Just up though.

1:06.9

On Saturday, amid a rain of Russian missile strikes across Ukraine, the country's military

1:12.0

got a boost, a promise of military hardware from the West, unlike any before.

1:17.1

The UK Prime Minister, Rishi Sunak, said Britain would send tanks to Ukraine along with

1:21.9

additional artillery support.

1:23.8

During a phone call with the Ukrainian President for Lodem Isolensky.

1:27.0

It's a small number, 14 challenger 2 tanks, but it's a huge change of stance.

1:34.0

President Vladimir Isolensky responded with thanks, tweeting that the move will not only

1:38.2

strengthen us on the battlefield, but also send the right signal to other partners.

1:43.6

And this morning, another signal of support from European Council President Sharol Neychelle.

1:48.6

The time is now, the urgently need more equipment and a personal infever of supply in

1:56.8

tanks to Ukraine.

...

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