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Russia Sanctions Push Europe Into Uncertain Waters
Russia Sanctions Push Europe Into Uncertain Waters
Sputnik International
In this week’s episode of the New Rules podcast, host Dimitri Simes Jr. speaks with Jacques Sapir, a French economist, about why Western sanctions failed to inflict serious damage to the Russian economy.
2023-05-31T04:04+0000
2023-05-31T04:04+0000
2023-05-31T09:33+0000
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Russia Sanctions Push Europe Into Uncertain Waters
Sputnik International
In this week’s episode of the New Rules podcast, host Dimitri Simes Jr. speaks with Jacques Sapir, a French economist, about why Western sanctions failed to inflict serious damage to the Russian economy. Sapir also warned that European economy is headed for turbulent waters over the next decade, including a potential energy crisis in the winter of 2023-24.
Jacques Sapir, Director of Studies at the School for Advanced Studies in the Social Sciences (EHESS) in Paris, one of the leading European experts on the Russian economy also warned that European economy is headed for turbulent waters over the next decade, including a potential energy crisis in the winter of 2023-24. "The problem is how to restore, how to rebuild European competitiveness in ten years. Because the entry costs are much higher now, especially for oil and gas. With other countries like China and India buying oil at a much reduced price from Russia, the problem of competitiveness will be a very, very serious one. Just look at what is happening with Germany. The trade surplus of Germany has considerably decreased and the German economy is right now in a quiet high recession as a German GDP has been -0.5% for the last quarter of 2022, it's again -0.3% for the first quarter of the year."We'd love to get your feedback at radio@sputniknews.comThe views and opinions expressed in this program are those of the speakers and do not necessarily reflect the position of Sputnik.
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new rules, how does russian economy cope with sanctions, what are the sanctions on russia, how sanctions have changed russian economic policy, what is the current state of the russian economy, could the russian economy thrive despite western sanctions, impact of sanctions on the russian economy
new rules, how does russian economy cope with sanctions, what are the sanctions on russia, how sanctions have changed russian economic policy, what is the current state of the russian economy, could the russian economy thrive despite western sanctions, impact of sanctions on the russian economy
Russia Sanctions Push Europe Into Uncertain Waters
04:04 GMT 31.05.2023 (Updated: 09:33 GMT 31.05.2023) Simes Dimitri
Deputy Director of Sputnik's English-language Department
In this week's episode of the New Rules podcast, host Dimitri Simes Jr. speaks with Jacques Sapir, a French economist, about why Western sanctions failed to inflict serious damage to the Russian economy.
Jacques Sapir, Director of Studies at the School for Advanced Studies in the Social Sciences (EHESS) in Paris, one of the leading European experts on the Russian economy also warned that European economy is headed for turbulent waters over the next decade, including a potential energy crisis in the winter of 2023-24.
"The problem is how to restore, how to rebuild European competitiveness in ten years. Because the entry costs are much higher now, especially for oil and gas. With other countries like China and India buying oil at a much reduced price from Russia, the problem of competitiveness will be a very, very serious one. Just look at what is happening with Germany. The trade surplus of Germany has considerably decreased and the German economy is right now in a quiet high recession as a German GDP has been -0.5% for the last quarter of 2022, it's again -0.3% for the first quarter of the year."
We'd love to get your feedback at
radio@sputniknews.comThe views and opinions expressed in this program are those of the speakers and do not necessarily reflect the position of Sputnik.
