WHAT’S THE ISSUE?
In the short term at least, it seems current Western sanctions have had a very real economic impact in Russia – inflation is at a 24 year high, interest rates have more than doubled and there’s been a collapse in the value of the rouble.
But what is the longer-term effect on the Russian economy likely to be? And, more importantly is economics the only real way to get President Putin to rethink his plans for Ukraine?
Sergey Aleksashenko is a former Deputy Governor of the Central Bank of Russia – and here he joins Stephen to answer those very questions.
MEET THE EXPERT:
Sergey Aleksashenko is a Russian Economist and former Government official.
From 1993 to 1995 he served as the Russian Federation’s deputy Finance Minister, and from 1995-1998 as the First Depuity Chairman of the Board of the Central Bank of Russia. He’s also a former chair of Merrill Lynch Russia.
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