2min chapter

GoodFellows: Conversations from the Hoover Institution cover image

Yes or No Fly Zone: Congressman Mike Gallagher on Ukraine Policy and Politics

GoodFellows: Conversations from the Hoover Institution

CHAPTER

Is It a War in Uncertainty?

i'm not quite sure who wins that race. My guess is that the russians can still do more damage before the sanctions really stop this war. But this is a huge economic shock. I've heard people allude to the 19 98 a default. This is much worse. Their economy is falling off a cliff. It's going to contract by at least a third in the next quarter. And we haven't yet finished. Because coming soon, as we already mentioned, we're going to start restricting their ability to sell their oil. Actually, the market's already doing that. One thing that's really interesting at the moment is that the private secto sanction phenomenon, where the companies

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