“One of the things that the central bank sanctions have shown is that maybe having a large amount of reserves isn’t that useful”
Vladimir Putin’s war of choice has forced the West to confront questions that it has long avoided about its economic relationship with Russia. Decisions that would have been unthinkable before February 24 have been made at a dizzying speed and scale. The Western sanctions that have been imposed are the harshest ever imposed against a state of Russia’s size and power.
In this podcast, Ed Brophy talks to Nicholas Mulder, assistant professor in the history department of Cornell University in New York and author of the superb recent book “The Economic Weapon: The Rise of Sanctions as a Tool of Modern War”, about the use of economic sanctions as a form of war and their unintended consequences.
