How The West Broke Russia's Economy

Joeri Schasfoort
Money & Macro, 2022
Level: beginner
Perspectives: Institutionalist Economics, Other
Topic: Crises, Money & Debt
Format: Explainer Video
Duration: 00:08:20

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.

Go to: How The West Broke Russia's Economy

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Ce projet est le fruit du travail des membres du réseau international pour le pluralisme en économie, dans la sphère germanophone (Netzwerk Plurale Ökonomik e.V.) et dans la sphère francophone (Rethinking Economics Switzerland / Rethinking Economics Belgium / PEPS-Économie France). Nous sommes fortement attachés à notre indépendance et à notre diversité et vos dons permettent de le rester !