Want to create an interactive transcript for this episode?
Podcast: In Focus by The Hindu
Episode: How will the sanctions on Russia impact global trade and economy? | In Focus
Description: Russia’s actions against Ukraine have attracted severe blowback from Western nations, especially in the form of economic sanctions. While Russia has lived with sanctions for years now, the new set of sanctions are decidedly harsher. Many Russian banks have been cut off from the SWIFT transactional system, Russia-registered flights have been banned from EU air space, and assets of the Russian central bank are being frozen, and these measures are expected to affect world trade that involves Russian goods or services.It is a truism that in the three decades following the end of the Cold Wa...