Feb 24, 2022

Russia’s invasion of Ukraine comes at a global cost

Sergei Supinsky/AFP via Getty Images

In response to Russia's invasion of Ukraine, President Joe Biden followed through with what he previously characterized as "swift and severe" sanctions.

Segments From this episode

How will Biden's additional sanctions affect the Russian economy?

by Kai Ryssdal and Richard Cunningham

Feb 24, 2022

"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.

President Joe Biden announced additional sanctions against Russia on Thursday following its invasion of Ukraine. This follows a tranche of sanctions earlier this week.

Drew Angerer/Getty IMages

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Why it's tough to wean the West off Russian oil and gas

by Andy Uhler

Feb 24, 2022

For 15 years the EU has been talking about decreasing its dependence on Russia's gas and oil, but it didn't do it intime.

Russia is the main supplier of natural gas and oil to the European Union. Above, oil tank cars on rail tracks near the Siberian town of Tobolsk.

Andrei Borodulin/AFP Getty Images

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"Every central banker's worst nightmare"

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.

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Higher prices, more risk: How Russia's war on Ukraine is likely to affect the global economy

by Mitchell Hartman

Feb 24, 2022

The invasion has introduced a lot of unknowns for global trade, financial markets and national economies. It's also a blow to the pandemic recovery.

People carrying bags walk on a street in Ubla, Slovakia, after crossing the Slovak-Ukrainian border on Feb. 24. Russia began a large-scale attack on Ukraine overnight, with explosions reported in several cities and outside the regions held by Russian-backed rebels.

Zuzana Gogova/Getty Images

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Russia’s economic isolation has a long history

by Kai Ryssdal and Maria Hollenhorst

Feb 24, 2022

Once again, a professor of Russian history says, ordinary Russians will be "the ones who shoulder the daily burden."

“Russia, of course, has a very long history of being excluded from the world economy,” said Kristy Ironside, an assistant professor of Russian history at McGill University. Above, Soviet citizens pass by homeless and hunger strikers in Moscow in 1990.

VITALY ARMAND/AFP via Getty Images

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Music from the episode

Cranes in the Sky Solange

When Rostam

Philodendron Fields Monster Rally

Aminals Baths

Shells Teebs

Dans Le Noir Dark Rooms

Superposition Young the Giant

The team

Nancy Farghalli Executive Producer

Daisy Palacios Senior Producer

Maria Hollenhorst Producer

Sean McHenry Associate Producer

Andie Corban Associate Producer

Richard Cunningham Associate Producer

Dylan Miettinen Associate Digital Producer

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