Are sanctions on Russia working?
The Real Story
00:00
The Impact of Financial Sanctions on Russia's Economy
Russia is considering a plan to buy as much as 70 billion dollars in an, the chinese currency and other friendly currencies this year. Western countries have also frozen russia's foreign exchange reserves in dollars, in eros, in canadian dollars, an a number of western currencies. The aim here was to prompt a collapse of the rouble the russian currency in order to feel inflation, and therefore to put the puting regime under pressure. But russia has replied with capital controls. Essentially, you cannot sell the rouble these days, which is the reason why the rouble is doing so well. And russia is looking at replenishing its fran exchange reserves with other currencies
Transcript
Play full episode
