Why Russia’s wartime economy is starting to crack, with Elina Ribakova
A boost to war-related sectors has been papering over weaknesses elsewhere
The Economics Show · Financial Times
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
When the EU and US hit Russia with fresh sanctions in 2022, many analysts expected the country’s economy to crack. Instead, Russia has shown strong GDP growth, powered in large part by a massive boost to war-related industries. Now, the effects of that boost appear to be fading. Have western sanctions finally started to bite? What would happen to Russia’s economy if the Ukraine war were to end? And how difficult might it be for the country’s economy to return to normal? To find out, the FT’s economics editor Sam Fleming speaks to Elina Ribakova. Elina is a non-resident senior fellow at the Peterson Institute for International Economics, a non-resident fellow at Brussels think-tank Bruegel and vice-president for foreign policy at the Kyiv School of Economics.
Sam Fleming is the FT’s economics editor. You can find his articles here: https://www.ft.com/sam-fleming
Want more? Free links:
Russia moves to contain concern over banks’ bad loan exposure
Vladimir Putin’s war economy is cooling, but Russians still feel richer
Russia’s central bank speeds up rate cuts as war economy cools
There's no money to be made in Russia
The FT Weekend Festival returns for its 10th edition on Saturday, September 6 at Kenwood House Gardens in London. Get details and tickets here
Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.
Presented by Sam Fleming. Produced by Mischa Frankl-Duval. Flo Phillips is the executive producer. Manuela Saragosa is the FT’s acting co-head of audio. Original music from Breen Turner, and sound design by Breen Turner & Sam Giovinco.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.