Tech
Are Russia’s Crippling Financial Sanctions The Start Of An Economic Cold War?
In the lead up to Russia’s invasion of Ukraine, the U.S. warned of grave economic consequences if Moscow moved to topple the government in Kyiv. Watch the video above to find out how sanctions have been enacted on Russia, and get a firmer grasp of whether the measures will work to compel Russia to change course in its war against Ukraine
As Russia stepped up its aggression against Ukraine to the point of a full-fledged invasion, the U.S. and its allies unleashed a series of historic and unprecedented economic sanctions.
“It’s a kind of coordination that we haven’t seen in a multilateral sanctions program for a long time,” said Esfandyar Batmanghelidj, CEO of Bourse & Bazaar, an economic think tank. “And the second thing is basically speed, the way in which the sanctions have been very quickly applied to Russia. Moving from a period in which we were talking about quite targeted measures to basically broad financial sanctions is remarkable and is probably the most unprecedented aspect of the sanctions program so far.”
Russia has now overtaken Iran as the most sanctioned country in the world. But as the historical example of that Middle East nation shows, sanctions also carry unintended consequences. What happens to everyday Russian citizens with their country being increasingly isolated from the world’s financial and economic systems? Does Russia move closer to Western adversaries such as China and Iran?
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
Are Russia’s Crippling Financial Sanctions The Start Of An Economic Cold War?
source
@turyawankarta
January 10, 2024 at 2:30 pm
Russian power economic
@DanielArnolf
January 10, 2024 at 2:30 pm
It feels good to know the truth from unbiased and objective journalism, doesn't it ?
@hansolarfs8565
January 10, 2024 at 2:30 pm
so that all NATO does not relax, Russia still does not send new equipment and 90% of its personnel to Ukraine, not to mention that Russia has secret weapons and nuclear weapons
@Jay_bird988
January 10, 2024 at 2:30 pm
Let's go Brandon!
@user-zf2ql7sz3n
January 10, 2024 at 2:30 pm
it's good when some brands leave the market and let other brands develop.
@mazitovaliliya1408
January 10, 2024 at 2:30 pm
Gas in Russia today (6.05.22) – 0,5 $ for litre, sunflower oil – 1,5 $ for litre. Rouble is 67$ – lower than before the war. If you don’t trust me, it’s easy to check.
@dgnash
January 10, 2024 at 2:30 pm
Does anyone have a list of companies who are still trading with Russia? I want to know which products to avoid. For example I have stopped buying Nestle products.
@horacioemmanuelfonseca4325
January 10, 2024 at 2:30 pm
Russia’s? Why the EU an the US are participating in this conflict that is diverting a lot o money needed in America for Americans to Ukraine?
@cheezy1969
January 10, 2024 at 2:30 pm
They aren’t sanctions. They’re special economic operations.
@wearsider
January 10, 2024 at 2:30 pm
This another independent channel, loosing funding because of independent news ban in Russia and the western sanctions. Independent news coming out of Russia is also important. https://www.youtube.com/channel/UCyhHdRjLsaYy9I7TZ9Swu6A
@gobbletegook
January 10, 2024 at 2:30 pm
Too bad those buildings in RUSSIA (the ones that look like Spiralized onions) can't be remodeled into an open air concept. A few hits by a drone or two would open up that office space.
@ibgmc
January 10, 2024 at 2:30 pm
We are complete idiot’s
@bubbajones5905
January 10, 2024 at 2:30 pm
I'm afraid using words like "crippling" when describing sanctions may be optimistic. Europe and the US to a much lesser extent have financed Putin's aggression. Europe was put on notice in 2014 and they completely ignored the danger.
@heiltd1286
January 10, 2024 at 2:30 pm
Everything must be done to crush Russia. To destroy it economically is the way to go.
@xx3666
January 10, 2024 at 2:30 pm
On this channel you can find out the whole truth аbout the war https://www.youtube.com/c/PatrickLancasterNewsToday
@doomoo5365
January 10, 2024 at 2:30 pm
I was reading the India is buying cheap Russian oil right now during this war. If the leaders of India have no moral compass then I feel they should be denied bank loans and access to spare parts that should be sent to Russia
@tthtlc
January 10, 2024 at 2:30 pm
It is foreign direct investment that fuel the rise of China, and thus it is also the potential decline of the economy when everyone is afraid of investing in the country. Well, companies from China may not have much qualms about investment…..and possibly profiting from all the fears by competitors going in.
@eljangoolak
January 10, 2024 at 2:30 pm
1:07 BATMAN! I knew it! trying to change his last name so we couldn't figure it out! Typical big glasses…pfft
@pamelahomeyer748
January 10, 2024 at 2:30 pm
Too bad the young people doing this video don't know their history. It was how Russia fell before. You should be more concerned about the chemical weapons that Putin is about to deploy all across the Ukraine
@Eye_Radiate_Light
January 10, 2024 at 2:30 pm
Whether it's bombs or sanctions the result is the same – the people suffer
@anthonynguyen6602
January 10, 2024 at 2:30 pm
Boring irrelevant. Stating the already know
@rumplestilskinbob7415
January 10, 2024 at 2:30 pm
Russias elite its time to get back to business as usual take putin out of office
@dznuts123
January 10, 2024 at 2:30 pm
It’s not Russia’s economic Cold War. It’s the west’s, and it’s started by the west.
@andydufresne4513
January 10, 2024 at 2:30 pm
Nothing will happen to Russia bcoz China is on its side. This is all propaganda stuff from West.
They live in a illusionary world
@sunablast
January 10, 2024 at 2:30 pm
Putin really trying to copy Call of Duty Black Ops Cold War lol
@PeterPanBos
January 10, 2024 at 2:30 pm
McDonalds food is the worst food you can eat! I haven’t eaten that crap in 30 years!
@PeterPanBos
January 10, 2024 at 2:30 pm
Russia will suffer for what Putin did for many years this will never go away! US needs to embrace Ukraine and it’s people!
@Seanpfree
January 10, 2024 at 2:30 pm
Ummm yeah
@mumbolee
January 10, 2024 at 2:30 pm
If the cowards at the top fought their own battles there will be no wars.
@installing86
January 10, 2024 at 2:30 pm
it's true:
https://youtu.be/1wS3EGcsDgU
https://youtu.be/ri-cbUOJrMQ
https://youtu.be/j04-wtsA8Hg
https://youtu.be/ZHmzK4SIcpo
@gigilaco
January 10, 2024 at 2:30 pm
The sanctions will only punish innocent Russian people,
@kar3n35
January 10, 2024 at 2:30 pm
Bluff bluff bluff and lies
@kar3n35
January 10, 2024 at 2:30 pm
America media is bluffing big time. Making look like russia is in truble when in reallity is merica that is crumbling economically.
@Firestorm637
January 10, 2024 at 2:30 pm
China and Russia are still pals. China ready for Taiwan