3min chapter

The Gray Area with Sean Illing cover image

The War in Ukraine, Explained — Part 2: Sanctions

The Gray Area with Sean Illing

CHAPTER

Central Bank Sanctions on Russia's Economy

Russia is facing a severe economic crunch, and its prices are going up significantly. The way that the russian central bank dealt with this was they acted in an unprecedented manner to essentially raise interest rates by ten%. But you know, one of the ways in which a financial sector will stay solvent is the belief that that financial sector will have access to global capital markets. Russia's inability to tap those resources that it holds over seas compromises its ability to defend the rouble. Now there's a lot of loose talk in the united states about potentially we might be facing stag flation, which is ludicrous,. ecause the us. Economy is roaring along pretty nicely. Russia is actually going to face stag

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