Two Economies at war - Russia and Ukraine after 100 days of sanctions and shelling

Sponsored by Blinkist: Use the link below to start your free 7-day Blinkist and get 25% off a Premium membership: https://www.blinkist.com/perun

** Apologies for the iffy sound-quality and double-upload on this one, my regular editor is travelling so I've done the best I can**

When Russia commenced its invasion of Ukraine on 24 February, the West responded with a harsh regime of sanctions and measures that were intended to deeply wound the Russian economy.

Now, more than 100 days on, it's hard to find consensus over exactly how well those measures are working. Some will tell you that Russia is on its knees, incapable of carrying on the war much longer, while others will insist that it's Ukraine and Europe that are about to break.

In this video I look at the sanctions measures that have been imposed, what impact they've had, and try to assess how well the Russian and Ukrainian economies are holding up, and what may be next in store as the fighting (and economic pressure) continues.

Notable Sources:
Russian Statistics Service Poverty Statistics
https://rosstat.gov.ru/folder/313/document/157001 - 2021
https://rosstat.gov.ru/folder/313/document/168756 -2022

CRS report on Sino-Russian ties:
https://crsreports.congress.gov/product/pdf/IF/IF12120

ILO Brief on Ukrainian Job losses:
https://www.ilo.org/wcmsp5/groups/public/---europe/---ro-geneva/documents/briefingnote/wcms_844295.pdf

Bank of Russia release on interest rates:
https://www.cbr.ru/eng/press/keypr/

EU Support for Egypt
https://english.alarabiya.net/News/middle-east/2022/06/15/EU-provides-104-million-to-Egypt-to-cope-with-rising-food-prices

Patreon:
https://www.patreon.com/PerunAU

Timestamps
00:00:00 — The Price of War II: Economics of the Russo-Ukraine War

00:00:39 — Sponsor Segment: BLINKIST

00:01:57 — What Am I covering?

00:02:59 — War is expensive: Opening Words
00:03:30 — War is expensive: Peloponnesian War
00:04:20 — War is expensive: WW1
00:04:48 — War is expensive: The War on Terror
00:05:09 — War is expensive: The Russo-Ukraine War & be careful with expenditure figures

00:07:27 — The Russian economy: Opening Words
00:07:39 — The Russian economy: Headline details
00:09:54 — The Russian economy: Sanctions
00:12:11 — The Russian economy: Restricting Russian exports
00:13:47 — The Russian economy: The Hydrocarbon Money Cannon
00:14:57 — The Russian economy: The issue with energy sanctions
00:17:33 — The Russian economy: The Long term challenge
00:19:32 — The Russian economy: Let's talk Roubles
00:23:26 — The Russian economy: Restricting imports
00:25:21 — The Russian economy: China, India & Sanctions
00:29:58 — The Russian economy: Industrial impacts
00:33:20 — The Russian economy: The private sector is vulnerable
00:35:27 — The Russian economy: Poverty Rising
00:37:19 — The Russian economy: “The Two Economies”
00:38:02 — The Russian economy: Where to from here for Russia?

00:40:40 — The Ukrainian economy: Health Check
00:42:17 — The Ukrainian economy: A Wartime economy
00:43:21 — The Ukrainian economy: Sustainability

00:46:06 — The resilience of Industrial states: Economic Collapse?
00:47:48 — The resilience of Industrial states: WW1 period France

00:51:04 — What about the world? Europe
00:54:00 — What about the world? The Wider World

00:55:49 — The Conclusion

00:57:17 — Rebuttal of the week

01:00:42 — Channel Update

russia ukraine invasion economics