Impact of Sanctions on Russia's Defense Industry

Things are moving very, very fast in Vladimir Putin’s war against Ukraine—and in the global response to punish Russia. The U.S. and Europe are not engaged in a literal war against Putin, and hopefully nothing like that will come to pass. But this weekend, they announced a series of unprecedented sanctions and economic penalties that could destroy the Russian economy. These policies are designed to get Putin to end the war before he conquers Ukraine. But they could crash the Russian economy and trigger more global crises. To explain the sanctions, discuss their pluses and minuses, and predict their ripple effects, Derek is joined by Noah Smith, author of the newsletter Noahpinion, and Nicolas Véron, a French economist and senior fellow at the Peterson Institute for International Economics and the European think tank Bruegel.

Host: Derek Thompson

Guest: Noah Smith and Nicolas Véron

Producer: Devon Manze

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