Sanctions expert Eddie Fishman and economist Sergey Aleksashenko discuss the impact of US Treasury sanctions on Russia's war machine, strategies to undermine Kremlin's oil revenues, recent reshuffling in Russian elites, G7's proposal on leveraging Russian bank reserves for Ukraine, and using Russian central bank reserves to support Ukraine.

Elina Ribakova, a senior fellow at the Peterson Institute focusing on the Russian economy, and Sergey Aleksashenko, a former Deputy Minister of Finance, share their insights on Russia's economic landscape. They discuss the impact of sanctions, revealing military production as a growth driver while non-military sectors struggle. The conversation also explores inflation issues, the ruble's devaluation, and the potential shift towards a Soviet-style economy. Additionally, they analyze the roles of China and other countries in Russia's trade dynamics.