The Duran Podcast Russian economy; Sanctions, inflation and high interest rates
10 snips
Jul 18, 2025 Delve into the complexities of the Russian economy as it grapples with international sanctions and soaring inflation. Discover how the central bank's sharp interest rate hikes are attempting to shield against economic turmoil. Unravel the misconceptions around the impact of sanctions on Russia's financial strength, and see how strategic alliances with countries like China and India are shaping its future. The dialogue offers a keen analysis of resilience amidst challenges, shedding light on the interconnectedness of global economic trends.
AI Snips
Chapters
Transcript
Episode notes
High Rates Control Inflation
- Russia's central bank aggressively raised interest rates to over 20% to control inflation post-sanctions.
- This led to a recession and falling inflation, but very high real interest rates now stifle credit and economic growth.
Western View on Sanctions
- The West views sanctions as a tool to eventually cause Russia's economic collapse.
- Western assessments often overlook Russia's internal economic policies, misattributing all economic issues solely to sanctions.
Ruble Strength Signals Resilience
- A strong ruble despite sanctions contradicts expectations of economic collapse in Russia.
- Russia actually needs a weaker ruble to cope with low global oil prices but the currency remains strong, indicating some resilience.