War in Ukraine: are sanctions working?
Putin’s invasion of Ukraine has prompted an unprecedented response from the West: economic warfare. Our experts, Patrick Foulis and Matthew Valencia, weigh in on whether sanctions will be enough to stop further aggression from Russia.
00:00 - The West’s economic warfare
00:38 - Sanctions on Russia: explained
01:57 - The impact of sanctions
03:53 - How has Russia responded?
05:46 - Can sanctions help stop Putin?
Read all our coverage on the war in Ukraine: econ.st/3pcnVPl
Sanctions imposed on Russia: explained: econ.st/3tnkzdu
Sign up to our daily newsletter to keep up to date: econ.st/3sezh7h
The Russian rouble plummets: econ.st/3tyYB7z
Are we entering a new age of economic conflict?: econ.st/3CeRBk2
How has Russia responded to sanctions?: econ.st/3HH6D39
What’s the impact of sanctions so far?: econ.st/3to3QGM
They're not sanctions. It's a special economic operation.
Thank you I will be using that and it should be spread :D
Right you are, but versus the EU rather than Russia. It has startled me!
@@griffith2995 noticed cyrillic letters and at once understood "Russian!" who else then? No other opions! What's that "EW"? Electronic Warfare, I s'pose? Or still feel like vomitting?
So you mean "SPECIAL ECONOMIC OPERATION" by confiscating the assets of Russian businessman. RIdiculuosly, it's truly a heist on a global scale in order to enrich imposing countries. Some Western countries and America have been thieves literally since the dawn of mankind.
@@griffith2995 just wonder what's your criterion? Personally, I see nothing special in those Russian, except for their special operation. They are like us, four limbs, one head, a pair of eyes to see and even ears to hear.
IT´S NOT economic warfare, it´s a "SPECIAL ECONOMIC OPERATION".
To punish the ‘special genocide operation’.
Sanctions punish the innocent civilians more than the political entity being sanctioned!
Who do you think will take to the streets and protest? Not the leaders, but the people. The have to get rid of Putin themselves. If not, there will be extremely dark times ahead for all of Russia.
There are no innocent civilians in Russia.
The only ones who can really force Putin out of his office without triggering a nuclear war are Russian people. Like 70 % of Russians still support Putin.
@@valevisa8429 There are no innocent civilians in Ukraine too . Ukraine citizens are racist .
@@la7dfa and for the rest of the world, prices going up on a dally basis
I'm from Ukraine. Sanctions work, yes. Me and my people are very grateful for support of the free world. I mean it. Our President is very tired right now and makes unnecessary remarks about NATO, who helped us with ammunition. We understand NATO position on the question and are asking to forgive President Zelenskiy for his rash words. He grieves for our people, our children, and emotion gets better of him in this case, which is understandable. Thank you very much, friends 🇺🇦 🖤❤
We get that... We want to do more but don't want Putin to start firing nukes. We will continue to supply Ukraine and Ukraine will defeat Putin. We'll turn up the heat wherever we can.
Stay safe, buddy. Be careful,
@@howiescott5865 Who's "we" numpty?
America for its petty military industry profits which are derived from wars is throwing the world into a crisis. America should pay for war crimes for all the atrocities they have committed carpet bombing cities and killing millions of people. Also, it should share the formula for making humor jokes on hypocrisy like standing up for humanity when its own GDP is based on countless innocent lives lost. The common whole world has seen the West hypocrisy. Ukraine people my heart goes out to you. West has abandoned you. Now Germany will spend 100 billion dollars on its defense and America will make money from it. Everyone will love to see a ceasefire but America doesnt want that
Not to mention the millions of Ukraininans who will find safety around the world, should they not be able to return to Ukraine.
finance sanction is double-edged sword, u cant just talk about the working side while ignore the backfire side
Iran has been under sanctions for decades and their system is still running and they are still doing their covert actions .. The reason for that is gas and oil. You have that you will still be in demand somewhere.. Russia have the same assets and Europe are still buying from them... Inflation will increase but steady out .. But here in Europe we will also see high inflation and struggles.. Hard truth are difficult to swallow.
What war is Iran fighting?
@@rtqii I guess like supplying Houthi, Hezbollah and some Shia militias in Iraq and maybe Afghanistan? That’s what I rhink
12 months later and everything you said is justified, bravo ... Nobody will make video to say you was right but the proof is here.
Thank you The Ecoomist Mag. I like the way you structure the report-- put questions on screen for each section and let the guests to answer, very clear to understand and straight forward. I think The Economist should file a pattern for this, just love it
We will be doing that, thank you for your feedback.
Some graphics could help a lot, not just monotony of people talking. We all want to see how inflation curves had behave, how assets and commodities curves have vary.
I like seeing an interview held in a participant's kitchen.
You can’t file a pattern for that it’s been used for years
I usually enjoy The Economist videos but these two guys are unbearably dull
If the question is, will sanctions stop the war? The answer is NO
As other countries are forced to take other currencies as payment The reserve currency status of the dollar may be in jeopardy.
Yes, if US stop getting oil from Russia and pay money to putin.
Surrender will stop the war. Let's do it.
@@wesleydeng71 yes, since you have a Chinese last name, why doesn’t China surrender to the west? It’ll make things easier
@@wesleydeng71 Free people don't surrender to tyrants. Just ask any Ukrainian.
Great discussion! Much more informative than most news media. Thanks!
It are not sanctions. It is a special financial operation.
@@grimjawx1650 😅
It’s a mess out there now. Hard to discern between what’s a real threat and what is just simple panic and hysteria. For a small amount of perspective at this moment, imagine you were born in 1900. On your 14th birthday, World War I starts, and ends on your 18th birthday. 22 million people perish in that war. Later in the year, a Spanish Flu epidemic hits the planet and runs until your 20th birthday. 50 million people die from it in those two years. Yes, 50 million. On your 29th birthday, the Great Depression begins. Unemployment hits 25%, the World GDP drops 27%. That runs until you are 33. The country nearly collapses along with the world economy. When you turn 39, World War II starts. You aren’t even over the hill yet. And don’t try to catch your breath. On your 41st birthday, the United States is fully pulled into WWII. Between your 39th and 45th birthday, 75 million people perish in the war. Smallpox was epidemic until you were in your 40’s, as it killed 300 million people during your lifetime. At 50, the Korean War starts. 5 million perish. From your birth, until you were 55, you dealt with the fear of polio epidemics each summer. You experience friends and family contracting polio and being paralyzed and/or dying. At 55 the Vietnam War begins and doesn’t end for 20 years. 4 million people perish in that conflict. During the Cold War, you lived each day with the fear of nuclear annihilation. On your 62nd birthday you have the Cuban Missile Crisis, a tipping point in the Cold War. Life on our planet, as we know it, almost ended. When you turn 75, the Vietnam War finally ends. Think of everyone on the planet born in 1900. How did they endure all of that? When you were a kid in 1985 and didn’t think your 85 year old grandparent understood how hard school was. And how mean that kid in your class was. Yet they survived through everything listed above. Perspective is an amazing art. Refined and enlightening as time goes on. Let’s try and keep things in perspective. Your parents and/or grandparents were called to endure all of the above - you are called to stay home and sit on your couch.
They might miss getting drafted into both world wars, so... actually kind of lucky?
Well said @noise trade 👍🏿
Your story made me want to Epstein myself
What was the point of the story? What were you trying to argue?
@@alexrussell2903 nothing like stating the obvious. So what?
CITIBANK- JP Morgan- Rothchild- Goldman Sachs- leave Russia Accounting and tech companies- leave Russia! Defense companies- Grumman and General Dynamics- Leave Russia! Chemical companies- DuPont and Dow- Leave Russia! Please reach out to these companies and ask them to leave Russia!
Thanks for the information
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Sanctions are definitely working. Gas price in my town has reached record high and everything has become so expensive. BTW, I don’t live in Russia. I live in Canada.
But Canada has massive gas oil reserves
@@DipaTarigan Which is forbidden by Trudolf to dig on the ground of climate change while Canada buys gas oil from overseas.
The oil and gas industry is part of a global market. What happens in the international level will affect supply/demand and worldwide prices, and Canada is not spared.
I'm very sorry about it, but you know: USA is the only beneficiary in this case and all others pay the cost of supporting their system. I think that Europe suffers the most.
thank you economist for excellent coverage of this. if i had more money i would subscribe
I’ve been a subscriber since 2020. Never regretted it. Great coverage and excellent data driven journalism. Their graphics are superb too
No effect....
So basically no effects.
The cost of the war is severely worsened with the sanctions. Fighter jets and tanks, not mentioning the rest, cost millions of dollars. Each one going down or made useless has a major impact. Cannot easily be replaced in a context of severe financial constraints .
Most goods worldwide nowadays is made in China. America doesn't make much things these days except military equipment, which is America's biggest export. America is going to make a killing (no pun intended) from w_a.r sales and is laughing all the way to bank!
@@hotoneten4655 making money and helping other countries fight dictatorship at the same time 😎 🇺🇲
But Russia can recover it if Russia get control over Ukraine. Let's help russia
they are working. I am Ukrainian, I feel much better when I see Russians suffering for supporting a dictator that commits war crimes in my country. sanctions improved my mental health, thank you
Our governments may have failed you but Europeans are with you. SLAVA UKRAINI HEROYAM SLAVA 🇺🇦✊🇬🇧
🇷🇺☝️
@@olesyaovchinnikova4699 Putin is the dictator whom we created by our inaction, after Bolotnaya protests civil society in Russia is amorphous and helpless. Everyone who did not take part in the protests is guilty more-less
@@olesyaovchinnikova4699 Putin was created and nurtured in the monster he is today,by the Russian people in their own image.
It is funny cause USA is still buying Russian fuel. We can see how sanctions are working. Don't be blind only Europe, where am i live feeling the effects of sanctions. Germany
Even if the 650 billion was released i can't see that lasting long this war could go on for months putin was counting on a few weeks max ,but the will of the ukraine people has changed all that.
sanctions dont work
@@picasoj5944 right lol propaganda spewing Kremlin Bot. Go look at the lines at Russian banks where people are trying to withdraw all their money. Look at how your Tzar Putin has closed the Russian stock market and banned foreigners from selling Russian assets. Look no further as the Russian Ruble is worth less than my toilet paper
@@TheRedemptionRain So the economy gets wrecked? And? This won't stop the war and will only radicalize the country to become even more nationalistic and desperate. If you think that Russian people will get sick of these sanctions and somehow overthrow Putin you will be very surprised.
Sanction work both ways - - companies out of Russia loose on contracts and selling - - Europe a lot in $$$$, missed exports people loosing their job Russian are a lot tougher can endure more, get on with any situation unlike our moaners woke idiots
The side and important issue is yuan and cips which could be used to bypass the sanction.
Lack of Swift access just strengths other transaction methods. Nothing more in medium run. In short time it will definitely have some affects; however, it's not capable of holding anything for long
You're absolutely correct with your assessment.
It will certainly increase prices for us consumers!
The people who asking for military response will not send their own children to battlefield..
with the huge interests in the Russian money machine , held by many mp's and business throughout the world and both here and in Europe the sanctions will not truly effect anything for some time . The issue is, has the world got the conviction of it's promises, will the EU and other countries including the UK hold tightly onto those sanctions for at least a couple of years, if not no long term effect on Russia will be achieved, OR will the UK wait for the dust to settle then continue with trade under a blanket of further hot air to justify it. The Ukraine will not forget those who do this, cheer up Boris you will just have to look for a further Universal credit cut to make up your pension deficit .
Excellent , ThankYou 🙏🏽
How come Companys like Carlsberg, coca cola, MacDonalds, Texas instruments still conduct business as ususl in Russia? Boycott Them!
No, no. They've already left us. (Not sure about Texas instruments).
@@IvanIvanov-ug5dc coca-cola pulled out yesterday MacDonalds today. Carlsberg is stille operating 8 breweries in Russia.
@@hansmarheim7620 I didn't know that, then you can boycott them if you like.
@@IvanIvanov-ug5dc you bet i do!
@@hansmarheim7620 By the way, MacDonald is working in Russia again.
There should be a total blockade imposed.
WWIII. You Haven't figured out the U.S is not wanting to engage the Russian Military directly.
NATO is the biggest military alliance in the world. 30 countries are members in NATO led by US. NATO keeps expanding adding almost every country in Europe encircling Russian border. Russia is left facing 30 nation military alliance on it's border. Russia considers this as existential threat. So, Russia decides to prevent hostile regime in Ukraine from joining NATO. NATO military alliance encircling Russian border poses grave security threat to Russia. This is what led to military conflict in Europe.It's US which created this dangerous situation in Europe as part of it's geopolitical game to bring down Russia. But, ironically, using Ukrainian conflict, US portrays Russia as a threat. Using Russiaphobia, US tries to add more countries to NATO. Using fear mongering, US convinced other countries to impose sanctions on Russia. It's all part and parcel of US geological game. US is so happy about the current European situation. Because, using Russiaphobia, US managed to brought almost entire Europe under it's influence. US is going to gain a lot from this conflict militarily and economically. World should wake and refuse to be part of dangerous US geopolitical game and Russia phobia
What drugs have you been smokin man. Ukraine wouldn't want anything to do with Putin's Russia. It's Russian tanks and aircraft over Ukraine, not the other way around. Why do those countries want to join NATO genius? It's the threat of Russia.
learned Zero from this. Just a repeat of a repeat. Would like to see someone actually make a time based prediction
hmmm this new type of sanction, im willing to see the effect, work or not ? only time will answer
@Robert Carlyle The problem will be: Can we keep the sanctions up when the violence is over? Can he just wait a couple years, and Russia will become richer in the long run due to the conquered territory?
@Robert Carlyle unfeasible in the past, because before this,sanction only for gov sector, not private, now, we see private sector sanction (globally ), even personal sanction ( rich ppl from russia ) . since 2011 russia recieve around 100 sanction ( Gov sector ) . Let see and wait. But i think Putin have his own card, since he put himself in point with no return.
This will harm ordinary people but cannot stop weapon production.
Correct! Imposing sanctions a short term step to influence a behavior
Sanctions are working! At least some Russian KZheadrs are complaining. Due to the applied censorship I personally cannot know is this true
Ofcourse they are working. The interest rates went up from 9.5 to 20 in just one day. They can not go abroad, they can not trade with the world, the economy is flushed down the toilet. Anyone claiming life is normal there, must live a simple life and stick to reading Pravda...
@@la7dfa I'm just hoping it doesn't make Putin.. press the button
Wow, a few KZheadrs are complaining. The war has been stopped! Ukrainians are safe!
@@Fykep As far as I understand, US said that they wouldn't use their nuclear weapon, and that's why Putin wouldn't use it also.
Russian KZhead has no ads now and KZheadrs react very differently. Some of them complain about it and try to flee from the country - and they are called the fifth column (enemies inside our own country), others say - it's a pity, but I will use other ways of earning money. For example, you can write a number of your bank card and people can send you money, if they like your content, and there is no bank transfer fee inside Russia for such payments. We just paying them now directly.
I'm sorry to disappoint but it's part of the plan and works to country's benefit. Oil and gas will be sold for rubble, not USD. China already agreed to buy in full gas and oil that was for EU. As shares are nearly 0, but real value is still there, Russia is buying them in bulk to gain control because without slam on the market prices are high and now new millionaires are made plus Russia gains full control over some assets. Shell sold shares, UK government forced this action and agreed to pay millions of losses, shares were bought by Russia... so market slamming works very well. Also goods are sold in rubles. In Russia prices for goods are not in USD so it would be ok. China already agreed barter deals with Russia to avoid usd payments. Companies that left will be filed for bankruptcy as they operated their offices under russian law, asserts will be taken away. Ikea already changed their mind and returned. That's the reality. War is bad but sanctions have nothing to do with it. It's a perfect plan to change ownership and create a strong country thanks to EU decisions.
Interesting
Very interesting, could you provide the source for more information?
@@sahavaschalermchaiwat624 I agree with everything this person says but all sources I know are in Russian. And I'm afraid they will not help you.
Treaty of Versailles? Worked reeeeaaaaalllll well!
I want to know why our Middle Eastern "allies" aren't stepping up oil production.
What have the West done for the Middle East.. to deserve anything different... ??
Because the have not been told to do so. USA wants inflation so they can reduce the debt.
These are not sanctions. It's a "special financial operation". We are here to save your economy!
I wish you luck, and we'll see what will happen in (let's say) half a year.
Hopefully we'll see Putin handing out cookies in Maidan Square very soon.
More likely standing in The Hague to answer questions, he’ll probably plead insanity.
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Question is why didn't Europe and the rest of the world react during the 2014 invasion of Crimea? Had Europe done something then, we probably won't be where we're at now.
🤡 NATO
In the 2014 Crimea crisis, it didn't get condemned but there was an outcry by many countries. UN passed the resolution by the majority to invalidate the annexation (which is just symbolic). The EU put some sanction on Russia at the time, but was much lenient and rather (again) symbolic (thanks to Merkel's policy and gas dependency). Nato already supported some weapons and training to Ukraine since 2014 but it was too very much symbolic (Obama was the US president at the time). At the time NO ONE thought that Russia was a threat and though that the Crimea annexation was just a regional conflict around Russia like Transnistria. The sign of Putin ambition started to surface in later years, as there was a claim on Russia's interference in 2016 US election and Brexit referendum. But the majority of people at the time, even among the anti-Trump or the anti-Brexit groups didn't believe it and though it was just a political rhetoric by politicians.
@@nokaton actually eu cannot provide any weapon with German parts and hence no sure about your training. It is more due to brexit uk can supply and train Ukrainian…
The sanctions also means economic downturn back and hyperinflation with rising energy and food price
Iv never seem a microwave so high in a kitchen before
How Russia fares after the war, with all the sanctions will largely define the future of non-kinetic responses and viability of sanctions generally.
Nah man after war asian countries will start trading with russia..
Russia has enough natural resources that like it or not the world needs
Of course it's working, imagine your country's currency collapsing to be worth less than toilet paper.
bit like the pound then
Yeap….
Apparently one robuck is worth more now…
Here is an example Putin had certainly studied in detail before he attacked: During the Balkan wars in 1992 the international community imposed sanctions on Serbia (then FR Yugoslavia - Serbia and Montenegro) under the regime of Slobodan Milosevic, and the sanctions lasted for almost 9 years. Yes, the currency collapsed, yes there was hyperinflation and rampant poverty. However, Serbia was involved in two more wars, or "interventions", in Bosnia and on its own territory, Kosovo, before the regime fell in the fall of 2000. So, will the sanctions work? As a person who has lived through the example I mentioned, I can immediately give you the answer: no, they will not, unfortunately, the ordinary people in Ukraine and Russia will bear the brunt of it all, the war, the economic hardship, everything. And Putin will definitely up the interior political repression and send thousands more Russians to prison for opposing the war.
@@cacaberic yes, I think you may be right. USA has been sanctioning Cuba now for... what? 70 years? how's that going guys? What happens is the poor get poorer, and often go to jail too. still I guess there isn't much else the west thinks it can do. I mean, without cutting off buying Russian oil. But we don't want to pay more to fill up our SUVs you know.
QUESTION - what is the US national interest in the matter?
Are the sanctions permanent?
🔥
"Resistance is mine🇺🇦!" - sayeth the Lord👼✝️!
Russia has been through worse
It didn't any works
Best defense is to attack back and bit them up
Does anyone know how sanctions work on Russia when there are no sanctions on Belarus? Can't Russians buy all they want through their Belarus entities? Belarus and Russia are in the same economic, tax and military union state.
if you delve into the topic, you will understand that after 2014 we had everything we needed ... smuggling and workarounds easily solve the problem. And look at the internal development that the imposition of these sanctions has given Russia ... we have not only adapted to them, we have also strengthened in many positions. Then we had no allies ... now China and India, I hope they will help us and it will be easier. And you get used to living more modestly ...
@@publicenemy9326 And of course if you complain, they will lock you up for it... Very nice.
The question about sanctions really is : between Europe and Russia, who will throw the towel first ?
If sanctions were designed to spur the movement to "de dollarize" the financial system and for China,Venezuela,Syria,Russia to implement alternative payment methods then yes sanctions are working. If potentially "enemies" see how easy their foreign held assets can be seized and this accelerates moves to reduce foreign holdings then bravo.
Not except aggression we are see to peace
It is more than one month past, I believe it is time to do another economic review about the effectiveness of Economic Sanction on Russia. The Russian ruble fell and shoot up; it is now at about the same level of pro-invasion. The European countries, the India, and even the USA continue to buy cheap oil from Russia. The head of EU bagged Russia to let wheat export to other countries. I really appreciate these so-called experts can chip in their evaluations on the effectiveness of the economic sanction on Russia.
war costs money
Putin: "I'm destroying my country's present & future economy... But I'm getting some new territories." Xi Jinping: "Hmm😒."
He will get control of the black sea, it will open up shipping routes to India and other parts of Asia.
Perhaps when the Russian population are unable to afford bread then someone will get rid of Pukin.
Just a suggestion on the presentation: please do something about the flat, droning affect employed the narrator. It's a speech pattern employed by many journalists (see: BBC) in order to appear "international" and objective, but it comes across as manipulative and false.
Putins response is, let us rely on Juche-ideology, after all there would not be a North Korea without Soviet establishment and support.
Self-reliance that only works with superpower support doesn't work if you're the superpower
Boycott all American companies
We should stop looking at economic sanctions as a strategy and more as a tool - one of many - in a toolbox. To ask whether these sanctions are working is like asking whether one football player in a team is winning the match. You don't look at the part, you look at the whole. Right now, the global response in its entirety is not working. There needs to be a military response.
The USA depend on Russian oil and gave Putin the funds to go to war with Ukraine.
This is the absolute most stupidest take I have seen
"There needs to be a military response" What a GREAT ideea! Let's make this war WAY bigger than it already is, let's start WW3, let's trigger a nuclear war.
@gnorwebDo you really think that Putin wants to return USSR ? There is no point in this and no resources for this operation.
Okok
Punitive sanctions don't work because they are applied inconsistently and encourage defiance and retaliation. If we really want to save and spread democracy, it is time for free countries implement a consistent, INCENTIVE BASED policy of massive taxes on ALL imports, with incremental discounts linked to democratic reforms in less free countries. Gains by a country must be perceived as earned, not as capitulation. (see Dale Carnegie) Free trade only with other free countries. This policy would cost consumers nothing if it was offset by domestic tax reductions, so there really is no excuse to not start immediately. Plus, the eventual savings in military spending and market disruptions due to conflict, would more than offset any temporary negative effects.
Are they working? In the sense that they are doing and going to do what they were intended for, yes. But in the sense that the sanctions alone will end the war or bring down Putin, nothing is less certain. Without additional action from Europe, and possibly revolution in Russia the war is going to be way too long, way too expensive and will ultimately bring down the Ukrainian sovereign state from attrition if nothing else. Military action will ultimately be inevitable. Just look at what 1930s' appeasement led to - WWII. If we'd taken action sooner a lot of lives would have been saved.
Hi Martin, my take would be - the Nazis didn't have 4000 nuclear warheads in 1933, if they did would we be here I wonder? The sanctions are working, and will continue to work but this war is only 9 days old, this will take time. Russia has a very similar GDP to Spain, it is not strong economically. The goal is to completely decimate what economy they have. If Europe gets involved in this war physically, it will likely be the end of the world. The only outcomes imo are that Ukraine stands and resists (with Western support) or Ukraine is taken and never gives in under occupation, leading to rebellion against the Russian occupation eventually and some sort of revolution (Berlin wall-esque). European intervention by force is unfortunately, simply not an option. By squeezing the Russian economy the plan is they will have no choice but to withdraw. Be it now or in X years, their position will be unsustainable even for a murderous dictator like Putin. Let me know your thoughts...
I think they don’t. I hope they do, but it’s too late. As I see, there is no people near Putin, who can stop him. Welcome to 1984 by Orwell.
@@jinksy2468 sanctions are creating new north Korea. Much more unpredictable and dangerous society. It doesn’t work that way, its not in the open market paradigm now. And don’t forget, Russia has all the resources inside the country. It’s not Spain. Only black market of weapons, gold and cryptocurrency grows now.
100%. I don't know how else it could play out positively unless we push back now, at the beginning!
They did not answer the first question, did they?
UK/US killed 60,000 Iraqis in March 2003 in their illegal invasion of Iraq but there were no sanctions. Was this fair?
bro they imprisoned julian assange for pointing that out and showing footage of the mureders and yet europe what they did ??? THEY IMPRISONED HIM !
Not in the slightest. But two wrongs dont make a right.
@@sregan5415 I agree 100% but my brother who was a member of the US Army went to the two gulf wars. The first one to liberate Kuwait in 1991 was clean while the 2003 invasion of Iraq wasn't. You wouldn't believe his stories of atrocities committed by some American soldiers who, in his opinion, should have been brought to court martial but these atrocities were swept under the rug. As an American I'm ashamed of the actions of my governments over the years.
But I get that you're highlighting the brutality of the US, rather than saying what Putin is doing is OK
Yes it's working beautifully. No American Express Bill for Russians this month🤣🤣🤣
All are western thought...
Stop the war
Close the sky of Ukraine, at least where there are no hostilities yet!!
US dished out 3 sanctions per day for the last 10 years. What have it achieved ？ Seriously, it only caused more humanity and hardships to the ordinary citizens.
War in Ukraine is another distraction like covid. Lockdowns took money from regular people trying to make a living. Same with the war and sanctions. Follow the money and you´ll understand the motives.
Sanctions should have been imposed earlier.....Hindsight is wonderful...
Not working right now , may be later
has the war stopped? no: sanctions not working. Is the Ukraine fighting better because of sanctions on russia? no: sanctions not working. Do countries that do not want to go to war feel better because they are only willing to impose token sanctions? yes: makes us feel warm and cozy.
Sanctions are a strategy much like starving an army out of a fortress. It will take time, but without supplies or resources they will eventually give up. The fortress, in this case, is Russia. The army is not an army. It is Russia’s citizens. They will suffer greatly, and the pressure is put on them to start a revolt from within to overthrow Putin and appoint a peace-loving ruler. It will take a lot of pressure to overcome the population’s fear, instilled by the Kremlin. However, people will become desperate. Russians know he is lying to them, and many have families in Ukraine. They don’t want this war. It’s only a matter of time.
Token?
@@marciavox8105 exactly!
@@ArpanMukhopadhyay93 yes token, vlad invaded because he guessed the world would not go to war to defend the ukraine. They would impose sanctions, but many dicators rule whilst under sanctions - that only effect the subjects of the dictator.
100% agree!
what the European Union can do to mitigate the effects of the Ukrainian crisis on the economy
It won’t be if China is allowed to underhandedly support Russia by trade or what not. So they should be sanctioned for every support they give to Russia. Many of the votes that abstained in the UN vote were China’s belt and road initiative countries.
It will, China and Russia already had an agreement to support each other.
Nah,, Most of them were countries that know that US and EU countries are hypocrites that always break international law and now want to act holy.. They use countries and leave them to suffer alone.
lol
Russia and Ukraine caught in a meat grinder over the U.S. and China
I'm from one of the abstainee countries. It wasn't China who made our (authoritarian) government abstain. It was the promise of a nuclear power plant that Russia promised to finance.
Use that 630 billion from the Russian Central Bank help rebuild Ukraine 💙💛.
Even if Putin prevails and forces a regime change / friendship treaties, who thinks Ukraine’s population won’t reverse these imposed measures within a month of Putin passing? Since it does not appear that Putin /Russian has a secession plan in place, it would seem there is no mechanism in place to sustain any of the chances that are being imposed today.
threat of another invasion? yet more Ukrainians dying?
The cost will be high for Russia to maintain Ukraine. For all we know the U.S may have unloaded Ukraine onto Russia.
Russia is annexing Ukraine. If not full, parts of it will be in Russia for as long as Russia exists..
@@armelfrancois7009 well Putin die, not everyone going follow the new leader.
Who believes the economist anyway
It's been a week, wait a year
The alternative consequence would be the independence of Europe from USA the most divisive force. That has dragged Europe into the most disturbing wars, none of them i For her own profit, and eventually, the unification of the whole of Europe East and west. unification of all Europe
The US won't allow EU to be independent. They need to keep serving USA.
Tbh, answers are quite sweeping and superficial. Your recent podcast did a much better job dealing with the same topic.
I'm not an economist graduate. So in layman's terms. Russian dollar has no value in these countries except with Russian allies? Russian economy will limp its way back up again only when their gains returns within? But there are no gains when transacting internally? Their exchange rate will depend on the transaction with their allies? Maybe their allies will buy a decade supply? Or, their under the table transactions will be the only and new legal ones?
It's called Rubel, not Russian dollar.
There is a big price to pay, over the coming decades, for using economic warfare. It is by nature exhausting the level of credibility from major central banks in the west.
How will our economies operate when we will have to do without Russian gas and oil ?
1:42 Incorrect: only about half of Russia's Central bank's foreign reserves were frozen.
Russia's Central Bank also refuses to pay-out for its debt or commitments to Western bound holders, Russia is saying - you can take whatever we owe you from our seized assets.
@@JamesSmith-ix5jd Exactly. A point often overlooked.
@@djayjp Why do you want to see this video of very poor quality, you already know more than they (who made it)?
@@IvanIvanov-ug5dc I guess you can't think of the reason: because I didn't know the content of the video before watching it.... And you can confirm as true what I stated.
@@djayjp Oh, my. I do understand. It was just a Russian sarcastic way to praise your knowledge. Not everybody in Russia knows it.
No they can't
I think the sanctions are very important because war is expensive and sanctions will reduce Russia's military power if they chose to keep fighting wars.
Where are the sanctions when America trash Irak for mass destructions weapons that doesn't exist posing the first brick for the rise of ISIS?
native kid
@@fanyuworld why would you waste our time writing something like that if you have a point to make explain yourself if not don't waste our time with something so vague.
important? american still buy oil from russia，and American are so happy to see this war damage EU economy. US LOVE THIS WAR.sanction？
@@fanyuworld america is making plans to stop buying oil from Russia and i don't know what you mean by US being happy to see it damage the EU economy because most of Europe has imposed sanctions as well. The US will suffer too because of these sanctions and this war so I don't understand your point.
How did Putin not see this coming?
He absolutely saw it coming
The sanctions will bite the EU and many other countries. This seems to be like the punishment by a teacher to the student. Teachers also threaten children they will punish if they don't do the homework... And so
Does Paypal work in Russia?
Google it. They have paused/shut down services
No. But we are using SberPay. It is the similar system but with our Russian national bank.
How is Europe paying for Russian gas
"Unprecedented response" economic warfare is great, but it's a soft response. I'm disappointed if anything
You are underestimating this economic warfare. Once all economic ties are cut from Russia. The big power players within russia/governments that have billions in assets being cut off is going to affect the whole dynamics of the war from within its political and financial system. This is powerful
I would rather go by evidence , then talk .
Sanctions is about pressure, the million dollar question is: will it be enough to persuade the people of Russia to act? We’ll see.
@@engraver3248 you’re saying this war was the West’s fault? I also can’t help but read your comment with a Russian accent.
If people of Russia really start to act, it's mean full blown civil war. A civil war in country with huge nuclear arcenal. You think Putin is bad? Think about dealin with numerouth warlords with nukes.
Stop war in Yugoslavia, Afghanistan. why was that ?
The sanctions are working on multiple levels. In the discussion you will see that people have mentioned how it is helping those who are directly affected by the war cope. The mere fact that it is supporting the resistance fighters is well worth it. And the fact that Putin must endure that there are some consequences is also important. Finally, unless Europe and allies overcome their fear, we better hope sanctions are somewhat effective as there is nothing else but the rosary.
Self-inflicted harm...