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Ohio is for lovers of smart transit

May 20, 2019

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The age of fraud

May 17, 2019
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Economic sanctions in Russia: Have they worked?

Molly Wood Jul 16, 2015
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The U.S. reached a deal with Iran on lifting international economic sanctions, and in return, Iran would limit its nuclear activity.

Russia has been experiencing economic sanctions for nearly a year. Have they worked, so far?

“Sanctions have a very important political row,” says Olga Smirnova of the BBC. “And from that point of view, they have worked, they have shown that Europe is united. It’s a different question if we are talking about economics.”

Smirnova stresses that falling oil prices and deflation of the ruble have strained Russia economically.  

“Russia is a developing economy, and it needs access, and it doesn’t have its own capital. It needs access to foreign capital, and that access has been denied,” Smirnova says.

How We Survive
How We Survive
Climate change is here. Experts say we need to adapt. This series explores the role of technology in helping humanity weather the changes ahead.