In this discussion, Callum Williams, The Economist's senior economics correspondent, reveals how the Russian economy is defying expectations under sanctions, buoyed by strong oil and gas revenues. He highlights the psychological effects on the middle class and contrasts Russia's resilience with Western economies. The conversation also touches on Miami's emergence as a major commerce hub for Latin America, reflecting on migration patterns and the local cultural vibrancy. Additionally, the segment introduces innovative eco crossings aimed at protecting wildlife.
Western sanctions are intended to starve Russia’s economy and hinder its ability to wage war in Ukraine. And while the long-term outlook remains grim, so far oil and gas earnings have kept its economy humming. Why Latin America’s commercial capital isn’t even in Latin America: it’s Miami. And why France is building bridges over motorways for wildlife. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer