Consider This from NPR For Russia and Ukraine, The Battlefield Includes The Economy
Jun 5, 2023
Stacey Vanek Smith, NPR's correspondent, shares expert insights on the economic ramifications of the war in Ukraine. She discusses how international sanctions initially failed to cripple Russia's economy, but significant shifts might be on the horizon. The conversation dives into Ukraine's determination to stabilize despite the chaos, highlighting community resilience and economic reforms. Additionally, the podcast examines how changing public sentiment in Russia, spurred by recent drone attacks, could alter the political landscape and impact economic stability.
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Ukraine's Economic Resilience
- The war in Ukraine has significantly impacted both countries' economies, disrupting daily life and trade.
- Despite challenges, Ukraine's economy has avoided collapse due to international assistance and reforms.
Rising Onion Prices in Kyiv
- At a Kyiv market, vendor Lyudmila Stalna notes that onion prices have doubled since the war began.
- This price increase reflects the impact of the Russian occupation on Ukraine's agricultural heartland.
Russia's Economic Challenges
- Russia's economy, initially resilient due to high oil prices, is facing increasing challenges.
- Sanctions, declining oil revenues, and a significant brain drain are impacting Russia's long-term economic prospects.