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E71: Russia/Ukraine deep dive: escalation, risk factors, financial fallout, exit ramps and more
All-In with Chamath, Jason, Sacks & Friedberg
The Impact of Sanctions on the Global Economy?
The crude oil example and the airline industry example are two incredible examples of the ripple effects of these sanctions, right? So again, just to reiterate, if you're a european based refiner, in order for you to go and buy that oil. Well, that would violate the terms of that bank now. This is going to have a massive impact on their ability to just participate in society. That's effectively shutting russian exports off for eight, nine, ten years. I think japan, europe, canada, america, can collectively support five, six, seven trillion dollars of subsidies to blunt the economic impact of these sanctions.
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