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Winter in Europe: Russia’s Economy Under Sanctions (Episode 4)

The Warcast
October 11, 2022

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Episode Notes:

For seven months, the countries of the European Union have watched a war unfold on their continent. Leaders and voters alike have come together in support of Ukraine, deploying diplomatic, financial and military tools to resist Russia's invasion. But with mounting economic challenges, political divisions and a looming energy crisis, questions remain about whether their solidarity can last. To answer these questions, and to better understand how European thinking on foreign policy and defense has evolved since February, we've been joined by a number of distinguished observers from across the continent.

On September 22nd, Nicholas Danforth spoke with Chris Miller. Chris is an associate professor at Tufts University and author of Chip War: The Fight for the World's Most Critical Technology. Chris told us about the state of Russia's economy and its implications for the future of the conflict.

[1:06] Overview of the Russian economy

[2:15] Social impact

[4:03] Mobilization order

[5:24] Trade with Europe

[7:30] Oil exports

[8:57] Future of the Russian budget