Sanctions against Putin: Could they cripple the global economy? | To the point

Putin‘s war in Ukraine is having a devastating economic impact. Countries across Europe face spiralling prices and shrinking markets.

United as rarely before, the West has fired off one salvo of economic sanctions after another in response to Vladimir Putin’s attack on Ukraine, sending the ruble plummeting and citizens rushing to withdraw their savings from banks. So far that’s prompted no let-up in the fighting. Now the US is upping the pressure, banning oil imports from Russia. Calls for Europe to follow suit grow louder, but countries like Germany fear that would harm citizens and industry. Yet that pain could pale compared to the looming food crisis caused by the shortage of wheat from Ukraine.

Our guests: Katja Gloger (Russia expert), Vendeline von Wedekind (The Economist), Vladimir Esipov (DW).

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0:00 Could sanctions against Putin cripple the global economy?
03:00 Many educated young Russians are leaving the country
07:00 Russian economy will crash and default soon
13:00 Gas prices and inflation in the US and Europe are skyrocketing
21:00 Europeans should be ready to ‘freeze for freedom’
22:00 Many countries depend on Ukrainian and Russian wheat
24:15 Russia cannot afford to continue the war much longer

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