Russia’s invasion of Ukraine comes at a global cost
In response to Russia’s invasion of Ukraine, President Joe Biden followed through with what he previously characterized as “swift and severe” sanctions.
People are seen outside the cordoned off area around the remains of a shell in a street in Kyiv on February 24, 2022. - Russian President Vladimir Putin announced a military operation in Ukraine on Thursday with explosions heard soon after across the country and its foreign minister warning a "full-scale invasion" was underway.
“So long as Putin continues to be president of Russia, Russia will not be able to benefit from the global economy,” said the Atlantic Council’s Eddie Fishman.
As Russia invades Ukraine, there’s a strong possibility that economic growth can sharply slow down while prices keep on growing. We hear from Harvard’s Megan Greene about “stagflation” and the war’s influence on the global economy.