US unveils biggest one-day sanctions on Russia post-Navy's death. Capital Group's market assumptions report discussed. Investing in Bitcoin ETFs to hedge against crypto volatility. Drive to the Close segment with Morgan Stanley Private Wealth Management.
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Quick takeaways
US imposed significant sanctions on Russia to weaken its economy post Navalny's death.
China's neutrality towards Russia impacts global dynamics, shaping the geopolitical landscape.
Deep dives
Economic Impact of Sanctions on Russia
The US imposed significant sanctions on Russia, targeting over 500 individuals and entities to weaken the Russian economy and address the death of dissident Alexei Navalny. Despite these measures, Russia's economy remains resilient due to its shift to a war economy, focusing on defense industries and evading sanctions with help from other countries.
Global Dynamics Involving China and Russia
China's neutrality leaning towards Russia impacts global dynamics. China exports components to Russia for weapons and industrial use, fails to pressure Russia to end the war in Ukraine, and collaborates with Russia amidst Western sanctions, shaping the geopolitical landscape.
US Support for Ukraine Amidst Russian Aggression
Senate Majority Leader Chuck Schumer's visit to Ukraine aims to ensure continued US aid for Ukraine's defense against Russian aggression. The urgency lies in preventing Russia's victory, which could embolden further aggression and destabilize European security.
Future Scenarios and Concerns Around Russia's Actions
The third year of the Ukraine war continues amidst concerns over Russia's future targets if successful. Potential focus areas include the Baltic states or Poland, reflecting Putin's desire to reclaim former Soviet territories, posing ongoing geopolitical risks.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Angela Stent, Senior Fellow at Brookings Institution, and author of Putin’s World: Russia Against the West and With the Rest, discusses the US unveiling its biggest one-day sanctions package against Russia since the invasion of Ukraine two years ago. Maddi Dessner, Head of Global Asset Class Services at Capital Group, discusses the firm's Capital Markets Assumptions report. Dave Donnelly, Managing Director of SpiderRock Advisors, shares his thoughts on investing in Bitcoin ETFs as a hedge against crypto volatility. And we Drive to the Close with Katerina Simonetti, SVP and Private Wealth Advisor at Morgan Stanley Private Wealth Management. Hosts: Carol Massar and Jennifer Ryan. Producer: Paul Brennan.