The Global Economic Impacts of Russia’s Invasion of Ukraine

KQED's Forum

KQED

News, News Commentary, Politics

4.2 • 727 Ratings

🗓️ 2 March 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

The price of oil and natural gas has spiked following Russia’s invasion of Ukraine and the retaliatory sanctions against Russia imposed by the United States, European Union and their allies. Much of Europe is dependent on Russia’s reserves of oil and natural gas, and much of the world relies on Russian metals and agricultural exports from Russia and Ukraine. From rising costs for energy and food, to the risk of cyberattacks on banking systems, to a further squeezing of supply chains, we’ll discuss the possible global economic effects of Russia’s invasion of Ukraine and of the newly imposed sanctions. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Support for Key QBD Podcasts comes from San Francisco International Airport.
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0:32.2	From KQD in San Francisco, I'm Alexis Madrigal.
0:48.0	The global economic system connects countries and companies in a complex web of currencies, commodities, and consumer products.
0:55.6	Even small events in one part of the world can cause big effects elsewhere.
0:59.7	And the Russian invasion of Ukraine is a huge world-tilting event.
1:04.2	While there's still so much that's uncertain, we'll take stock of the possible repercussions,
1:08.5	especially coming at a time when the prices of goods were
1:11.2	already spiraling upwards.
1:13.2	Over the next hour, we'll discuss financial impacts with Bloomberg's head of economics, Stephanie
1:17.5	Flanders, then we'll analyze how Putin weaponized the global economy and whether a new political
1:22.8	order will emerge from the crisis with historian Adam Tews.
1:26.4	It's a big day coming up next after this news.
1:34.2	Welcome to Forum. I'm Alexis Madrigal. After Russia invaded Ukraine, the U.S., EU nations and Japan
1:40.8	hit back with a slate of unprecedented sanctions.
	...

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