Money Talks: Who is winning the sanctions war?
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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