The Heat: Effects of Russia sanctions

The Heat

FILE PHOTO: Gasoline prices are displayed at an Exxon gas station behind American flag in Edgewater, New Jersey, U.S., June 14, 2022. REUTERS/Mike Segar/File Photo/File Photo

At the beginning of the crisis in Ukraine, the U.S., Canada, Europe and a few nations in Asia slapped economic sanctions on Moscow.

Russia became the most sanctioned country in the world. It was an attempt to cut off resources needed to maintain Russia’s military campaign in Ukraine.

That was in March. Four months later, the conflict is still going on, and economic pains are being felt around the world. And some experts are saying it could have been worse, if more countries joined in the economic embargo against Russia.

Earlier, I spoke with Yukon Huang, Senior Fellow in the Carnegie Asia Program.

To discuss:

  • Michael Alexeev is a professor of Economics at Indiana University.
  • Ivan Eland is a Senior Fellow and Director of the Center on Peace & Liberty at The Independent Institute.
  • Tushar Gupta is a Senior Editor at Swarajya.


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