Could economic sanctions on Russia hurt the rest of the world? | Inside Story

Russians are paying a price for the invasion of Ukraine.

Basic goods are becoming more expensive as the value of the rouble falls, and economic sanctions start to bite.

Russia is a major producer of oil, gas and grains for the rest of the world.

The prices of those commodities are already high.

So could the sanctions further hit the cost of living for many?

Presenter: Nick Clark

Guests:

Pavel Felgenhauer - Defence and Military Analyst.

Dan Wang - Chief economist, Hang Seng Bank (China)

Jeevun Sandher - Economist, King’s College London


#Russia #Ukraine

[MrLougarou]

You can't threaten China and beg for their help in same year 😆

[sugarbabylove]

War doesn't determine who is right, only who is left 😥

[UAPReportingCenter]

Shame on the western media....

AL Jazeera have been somewhat balanced at least.

[UAPReportingCenter]

Great balanced reporting. Western reporting on this is shameful

[UAPReportingCenter]

I love this 2nd lady's attitude! Russians are tough and will get thru it together!

[ianthesiow]

Please follow US footsteps and call it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused... Please enlighten. Genuine question...


Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government)

China 1949 to early 1960s
Albania 1949-53
East Germany 1950s
Iran 1953 *
Guatemala 1954 *
Costa Rica mid-1950s
Syria 1956-7
Egypt 1957
Indonesia 1957-8
British Guiana 1953-64 *
Iraq 1963 *
North Vietnam 1945-73
Cambodia 1955-70 *
Laos 1958 *, 1959 *, 1960 *
Ecuador 1960-63 *
Congo 1960 *
France 1965
Brazil 1962-64 *
Dominican Republic 1963 *
Cuba 1959 to present
Bolivia 1964 *
Indonesia 1965 *
Ghana 1966 *
Chile 1964-73 *
Greece 1967 *
Costa Rica 1970-71
Bolivia 1971 *
Australia 1973-75 *
Angola 1975, 1980s
Zaire 1975
Portugal 1974-76 *
Jamaica 1976-80 *
Seychelles 1979-81
Chad 1981-82 *
Grenada 1983 *
South Yemen 1982-84
Suriname 1982-84
Fiji 1987 *
Libya 1980s
Nicaragua 1981-90 *
Panama 1989 *
Bulgaria 1990 *
Albania 1991 *
Iraq 1991
Afghanistan 1980s *
Somalia 1993
Yugoslavia 1999-2000 *
Ecuador 2000 *
Afghanistan 2001 *
Venezuela 2002 *
Iraq 2003 *
Haiti *2004
Somalia 2007 to present
Honduras 2009 *
Libya 2011 *
Syria 2012
Ukraine 2014

[louisliu]

Iran alredy survived with the sanction, let alone Russia

[Facerip]

You guys are doing some excellent reporting and discussions. I applaud good journalism in a time of so much propaganda and confusion

[pedrolopes]

If it could? I live in Germany and I got today already a letter from my energy supplier showing me the new energy price I have to pay for… guess what? The price went up.

[yurigansmith]

That was a good discussion round, balanced and quite in-depth.

[asiankitchen]

The Chinese guest is sharp. She puts everything in perspective. Indeed while the economic sanctions will hurt Russia in short-term it will hurt the western economies even more in the long-term.

[musicstation]

No one for peace there are all for business.

[Aupinz]

Finally, some one that speaks the truth of what’s happening

[KnightRider]

The non aligned world ought to have developed a SWIFT alternative banking system since such threats were easily predictable.

[WARLORD]

Flight time of NATO missiles from Ukraine to Moscow is less the 3 mins. Flight time of missiles from Russia to the US well you do the math.
Putin didn't like the idea of having NATO missiles close to his borders, so he decided to move his border closer to NATO.

[northstar]

i think if the pain gets too much for russia --europe might get a taste of their own medicine

[anotherbrit]

The moment he said central bank have stepped in and stabilised the situation the host cut him off.. very funny

[saxologist]

People who think that Russias military in Ukraine is not doing well do not know the dynamics of war. Unlike America who would have destroyed everything the first day, Russia is going out of their way not to do the same.

[BBBrasil]

Consider the price of war, soldier salary, rations and fuel, basic needs, that alone amounts to hundreds of millions.
Ammunitions in general and missiles bring more hundreds of millions.
Destroyed military assets bring the total sum to billions. Even more for infrastructure. Suddenly economic sanctions are not so expensive.
The burden shared within the international community is lowered. Spared human lives, incalculable.

Edit: Just to be clear, all this BEFORE the war starts. It is a complete different thing for the victims after it starts. Until the sanctions take effect, Ukrainian people is already dyeing. Shame on the democracies of the west.

[chaosland]

It impacts every country not only Russia in this situation. Sanctions on Russia is a double edge sword, it cuts both sides.