World Business Report EU tightens sanctions on Russia
Jul 18, 2025
Alexander Koliander, from the Democratic Resilience Programme, discusses the EU's sharpened sanctions on Russia, which target crucial financial and energy sectors amidst Ukraine's ongoing conflict. Richard Katz offers insights into Japan's looming Upper House elections, emphasizing the impact of rising inflation and aging demographics on the political landscape. Additionally, the podcast highlights the staggering rise in cryptocurrency theft, with billions lost to cybercriminals and violent attacks, raising urgent questions about asset security in the digital age.
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EU Sanctions Limited Impact
- The EU's sharply lowered oil price cap targets Russia's war economy but has limited effect due to Russia's alternative buyers. - Sanctions reduce Russian GDP growth by about 1% yearly but won't collapse the economy or end the war soon.
Japan Inflation Hits Voters Hard
- Japan faces rising inflation driven by a weaker yen, pushing up food and energy prices. - This inflation frustrates voters as government actions have not effectively curtailed cost increases.
Tax Cuts and Wage Hikes Advised
- Opposition parties in Japan propose cutting consumption tax to boost take-home pay amid inflation. - Raising the minimum wage is also suggested to address low wages and support household income growth.