How the West's sanctions on Russia are affecting the global economy

The global economy is feeling the impacts of the west's unprecedented sanctions on Ukraine as energy costs have surged around the world and the Russian economy tanks. Tania Babina, Ukrainian economist and assistant professor of business and finance at Columbia Business School, joins CBS News to discuss why the invasion of Ukraine is continuing despite the sanctions.

#News #Russia #Sanctions

[XcaliburReborn]

Americans complaining how much petrol prices are but it’s still like 50% lower than UK

[pmcd]

She just said they should use force to stop ww3. I believe that's what Russia's been saying.

[ThankGodimstraight]

Wouldn’t have this problem if we produced our own oil Brandon…..

[АленаКараваева-ьт]

And where is the Russian economy collapsing? Food and gasoline in Russia are getting cheaper every day. Russia does not feel the changes

[AltyBagU]

Nah Russia will be fine... Usa on the other hand are suffering.

[gordonadams]

There are still 30 companies doing business in Russia. They include Subway, Reebok, LG and of course Koch Brothers. Boycott anyone?

[EvoRaid]

California Gas prices 5.30 to 5.80 per gallon in the valley even as high as 6.30 per gallon in the bay area

[AP-wtyh]

For every action there is a reaction. Holding US dollars is increasingly becoming a risky business. If the smart US politicians keep using the dollar as a political weapon by imposing sanctions left and right, the dollar as a worldwide reserved currency will be displaced and financing US deficits will be out of question. It is just a matter of time as all sanctioned and to be sanctioned parties and even allies are day and night figuring out how to replace the dollar.

[cjmerobot]

Pick me pick me! Uh, hurting us in the west more than them?

[toonhawk]

Uuee has the biggest reserve in oil in the word .. people who think Rusia oil is affecting USA should get mor information about global economic and global geopolitic, is a whole new different work of knowledge

[maynorgonzalez]

This poor woman (can’t call her professor) has no clue what she’s talking about 🤦🏼‍♂️ definitely needs to read up on sanctions before speaking on the subject in the future 🤷🏼‍♂️just saying

[toonhawk]

I don't understand how the sanctions afect uuee if USA rarely using Rusia oil .the most affected is Unión Europe.. that make me think that Biden is rising the price of gas by different reasons . Also Biden said before the war that the gas will rise the price higth

[zenarcher]

What if someone put the economy before YOUR OR YOUR CHILDREN’s LIVES? What would you care about? That’s what I thought.

[valentinkalinin]

bla bla bla you missed 8 years of Ukraine civil war, you missed rocket attack on Donesk yesterday with more than 20 killed civil people. prefer hysteric to reality. Russian Federation finishing 8 years long war.

[FrankyXG]

She just claimed that Putin will take Ukraine

[alexm]

The lady obviously has very little idea about the actual scope of the sanctions. What an embarrassment :/

[last]

When she said that the Russian people are more idealistic and how they will endure a lot of pain if they believe they're saving their brothers is an incredibly profound insight and makes me so sad that they are being lied to and deprived of information and freedom because even if it's founded on a lie they were told, that is an incredible display of their spirit as a people

[toonhawk]

Uuee push rusia and china to create their way to make business between then and not using DOLAR any more . Remember China second biggest economy in world and rusia biggest military in word too .. could start beeng the end of DOLLAR

[southafricaismyhome]

Americans taxpayers will suffer 🤣🤣🤣🤣🤣🤣

[dave]

I think the russians will have a very difficult uphill Slog to beat the Ukrainians their Citizens are well armed. It’s been said that if the Ukrainians can hold off russia for about 10 days they will run out of ammunition and supplies. Never let us forget that we Won Most of the Battles in Vietnam and managed to lose the War. This could very well be russias fate.