How The West Broke Russia's Economy

Joeri Schasfoort
Money & Macro, 2022
Level: beginner
Perspectives: Institutionalist Economics, Other
Topic: Crisis, money & debt
Format: Short Film
Duration: 00:08:20
Link: https://www.youtube.com/watch?v=Q79x6jtaSdo

This video provides key insights into the functioning of Western sanctions imposed on Russia due to the current Ukrainian conflict. It focuses on the foreign reserves of Russia in Western Central Banks and the consequences of sanctioning these for Russia's economy and war funding. Furthermore it briefly covers Russia's possible strategies of striking back, mainly in terms of energy provision and measures taken by its central bank.


Comment from our editors:

The video is primarily aimed at economic beginners and non-economists but it is a helpful starting point to dive deeper into the topic.


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