Impact of Economic Sanctions on Russia

The podcast examines the significant consequences of U.S.-led economic sanctions imposed on Russia following its invasion of Ukraine in February 2022. These sanctions aimed to penalize Russia for its actions and disrupt the nation's economy, which is heavily reliant on oil and gas exported to global markets. Central to the discussion is how these measures represent an unprecedented collective action by Western nations, targeting a major player in the global economy and creating unique challenges in their execution. The effectiveness of these sanctions is debated, as while they initially caused a contraction in the Russian economy, a recovery has been observed amid high oil prices, raising questions about their long-term impact.