Logo

    Block busters: how Russia flouts sanctions

    enAugust 27, 2024
    What are the main types of sanctions against Russia?
    How is Turkey addressing the issue of stray dogs?
    What challenges does Turkey face in implementing its new law?
    How has Russia's economy managed to grow despite sanctions?
    What role does Kazakhstan play in Russia's tech imports?

    Podcast Summary

    • Sanctions against RussiaDespite Western sanctions, Russia's economy continues to grow and its military is able to replenish weapons, questioning the effectiveness of this approach in stopping Russian offensive in Ukraine

      Despite Western sanctions against Russia, its economy continues to grow and the country is able to replenish its armaments, raising questions about the effectiveness of this approach in stopping the Russian offensive in Ukraine. The Economist discussed the ongoing conflict in Sudan and the struggles of one survivor amidst multiple wars. Meanwhile, Turkey is implementing a new law to address the issue of stray dogs on its streets. However, the focus of the episode shifted to the sanctions against Russia and why they seem to be having little impact. Kerry and Richmond Jones, The Economist's International Economics Correspondent, explained that while sanctions are the West's main weapon against Russia, the country's economy is doing well and it doesn't appear to be significantly affected by the sanctions. The discussion raised concerns about the limitations of economic sanctions as a tool for resolving geopolitical conflicts.

    • EU sanctions vs RussiaDespite EU's comprehensive sanctions against Russia, its economy has adapted by importing goods and technology from alternative sources like Kazakhstan, contributing to Kazakhstan's tech industry growth.

      The European Union (EU) has implemented the largest economic war measures since World War II against Russia, consisting of two types of sanctions: goods and financial. The goods sanctions prohibit exporting various items, from sensible military equipment to offbeat consumer goods, into Russia. The financial sanctions restrict European banks from transacting with Russian state-owned firms, businesses, and most of Russia's wealthiest individuals. Despite these comprehensive sanctions, the Russian economy has managed to grow through importing goods and technology from alternative sources, such as Kazakhstan. Kazakhstan's tech industry has experienced significant growth, with Russia importing seven times more electronics from Kazakhstan in 2023 compared to 2021. However, the growth in Kazakhstan's tech industry is not solely due to Russia's imports but also because Kazakhstan is importing components from Europe and repackaging them for Russia. This complex interplay of global trade demonstrates the resilience and adaptability of economies in the face of sanctions.

    • Intermediated trade with RussiaDespite EU sanctions, some countries are experiencing economic boom through intermediated trade with Russia, particularly in chemicals, electronics, and machinery, which is concerning for policymakers as it may be a form of sanctions busting

      Despite EU sanctions against Russia, several countries, including some not traditionally aligned with Moscow, have seen significant increases in trade with both the EU and Russia. This intermediated trade, particularly in heavily restricted product groups like chemicals, electronics, and machinery, is concerning for policymakers as it appears to be a form of sanctions busting. The profitability and economic boom in Central Asia due to this intermediated trade make it a complicated issue, as some countries may not even realize they are facilitating trade to Russia. The difficulty in tracking what is coming in and out of Russia further complicates the situation. It seems that current sanctions may not be effectively closing these trade routes, leaving the West seeking potential solutions.

    • Secondary Sanctions vs Charm OffensivesPolicymakers struggle to effectively implement secondary sanctions or charm offensives to address trade with sanctioned countries due to international alliances and complex global supply chains.

      As the world grapples with the economic implications of sanctions against Russia, policymakers are exploring two main strategies: secondary sanctions and charm offensives. The former involves targeting entire financial institutions in countries that do business with sanctioned entities, but this approach can be challenging due to the delicacy of international alliances. The latter strategy, a charm offensive, involves offering financial incentives and preferential trade agreements to countries to encourage them to crack down on trade going to the sanctioned country. However, the complexity of global supply chains makes it difficult to completely curtail activity in another country through these means, and policymakers are beginning to grapple with this reality two years into their efforts.

    • Global Economy Impact on Sanctions EffectivenessEconomic sanctions' effectiveness in replacing military support has been questioned due to the changing global economy and the rise of third countries. The fragmentation of the global economy and the emergence of new players complicate the implementation and impact of sanctions.

      The economic sanctions imposed on Russia in response to its invasion of Ukraine have faced unprecedented challenges due to the changing global economy and the rise of third countries. Despite the intensification of sanctions and policymakers' increased readiness to use them, their effectiveness in replacing military support has been questioned. Meanwhile, in other parts of the world, conflicts continue to cause widespread suffering, such as in Sudan where correspondent Tom Gardner encountered numerous individuals, including Hoosner, who have been displaced due to violence. The exact scale of this conflict and the number of people affected is devastating and not limited to Ukraine. Furthermore, the fragmentation of the global economy and the emergence of new players make the implementation and impact of economic sanctions increasingly complex.

    • Sudan ConflictThe Sudan conflict, involving power struggle between National Army and Rapid Support Forces, has displaced over 10 million people and is responsible for potential genocide in Darfur, making it the largest and most devastating conflict globally with unknown death toll and involvement of multiple militias, foreign mercenaries, and tribal militias.

      The conflict in Sudan, which began last year and has displaced over 10 million people, making it home to one in seven internal refugees globally, is the largest and most devastating conflict in the world today. The war started as a battle for power between the National Army and the Rapid Support Forces, but it has since expanded into multiple wars across the country. Both sides are responsible for terrorizing civilians, but the Rapid Support Forces, led by a Darfuri warlord, have been making the most rapid advances and are accused of genocide in Darfur. The exact number of deaths is unknown, but estimates range from 150,000 to potentially higher numbers. The war is now surrounded by a host of Islamist militias, civilian defense units, foreign mercenaries, and Arab tribal militias, making it a complex and devastating conflict.

    • Sudan CrisisThe Sudan Crisis is worsening with the RSF controlling much of the country, leading to a dire situation with widespread hunger, disease, and potential deaths of up to 10 million people if the fighting continues.

      The situation in Sudan is dire and worsening. The Sudanese armed forces have been ousted from power, and the RSF now controls much of the country. The economy is in free fall, health care is almost non-existent, and villages have been burned down, leading to widespread hunger and disease. The UN has declared a famine in specific areas, but the crisis is far more extensive and could result in the deaths of up to 10 million people if the fighting continues. The longer the war lasts, the greater the likelihood that Sudan will become fragmented, potentially leading to a Libya-like scenario. The damage to the Sudanese state may be irreparable without decisive action to end the conflict.

    • Turkey animal welfare vs Sudan conflictTurkey is transitioning from community care of strays to government-run shelters and euthanasia, while Sudan faces ongoing conflict and foreign interference, each presenting unique challenges for animal welfare

      While Turkey is making strides in animal welfare with modern animal clinics, Sudan is facing continued conflict and fragmentation, with foreign powers fueling the crisis. In Turkey, strays, including dogs and cats, have been a long-standing part of urban life, with locals caring for them through food and shelter. However, a new law requires municipal authorities to round up and keep strays in shelters, with aggressive or sick dogs being put down. This marks a change from the previous practice of releasing healed animals back into their neighborhoods. In contrast, Sudan is grappling with its own bureaucracy, including civilian governors and a system for registering international NGOs, as well as various zones of control. The civil war continues, with foreign powers like the United Arab Emirates fueling the conflict through arms supply to different factions. The prospects for resolution seem as dim as they did a few months ago, if not worse.

    • Stray Dogs in TurkeyDespite Turkey's new law to build shelters for stray dogs by 2028, challenges include poor conditions in current shelters, controversy over compliance, and fears of overcrowding and mass euthanasia

      Turkey's new law aimed at addressing its estimated 4 million stray dogs by giving municipalities until 2028 to build new shelters faces significant challenges. Currently, the country's shelters have a capacity of only 105,000, leaving many under-prepared to accommodate the influx of dogs. Reports of poor conditions and even killings at some shelters have sparked controversy, with the opposition party and some municipalities refusing to comply with the law. Animal rights activists fear that the law may lead to overcrowded, disease-ridden shelters and ultimately, mass euthanasia. The situation highlights the complexities and challenges of addressing the issue of stray dogs in Turkey, with competing perspectives and concerns from various stakeholders.

    • Neglect and Indifference towards AnimalsNeglect and indifference towards animals can lead to devastating consequences, as seen in the history of Istanbul's stray dogs exiled to a rocky island, ultimately suffering and starving.

      The history of Istanbul's stray dogs is a reminder of the consequences of neglect and indifference. Over a century ago, the Ottoman Empire's young rulers saw the dogs as a symbol of the empire's backwardness and exiled them to a rocky island. The dogs suffered and ultimately starved, but their howling kept the city awake for weeks. This tragic episode serves as a warning that treating animals, or any living beings, as disposable or unwanted can lead to devastating consequences. Today, we have the opportunity to do better for Istanbul's strays and other animals in need. Let us remember the lessons of history and strive to make a positive difference in the world around us.

    Recent Episodes from Economist Podcasts

    Open to debate: Harris and Trump clash

    Open to debate: Harris and Trump clash

    On Tuesday night in Philadelphia Donald Trump and Kamala Harris took part in what might be the only debate between them in this campaign. The race is extremely close: will the debate make any difference? 


    John Prideaux hosts with Charlotte Howard and Adam O’Neal. They’re joined by The Economist’s James Bennet, Lane Greene and Owen Winter. 


    This episode draws on audio from CBS and C-Span.  


    Transcripts of our podcasts are available via economist.com/podcasts


    Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+.



    Hosted on Acast. See acast.com/privacy for more information.


    Economist Podcasts
    enSeptember 13, 2024

    Come on out, the vacuum’s fine: SpaceX

    Come on out, the vacuum’s fine: SpaceX

    Capsule that can withstand vacuum? Check. Low-pressure spacesuit? Check. Space-friendly Doritos? Check. The first spacewalk by private citizens showcases SpaceX’s prowess, the viability of privately funded exploration—and extraplanetary product placement. Gene editing has revolutionised the treatment for certain conditions, but can the staggering prices be brought down (11:30)? And some big news about Espresso, our daily briefing app (20:20).


    Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.





    Hosted on Acast. See acast.com/privacy for more information.


    Economist Podcasts
    enSeptember 13, 2024

    Chip wreck: Intel is on the rocks

    Chip wreck: Intel is on the rocks

    One of America’s stalwart tech giants is on the ropes, having first missed the move to mobile and then the one to AI. We ask what fate awaits it. Our correspondent meets with Vadym Sukharevsky, head of Ukraine’s Unmanned Systems Forces—the world’s first drone commander (9:05). And what is behind Donald Trump’s outlandish claim of immigrants eating pets in Ohio (16:40).


    Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.



    Hosted on Acast. See acast.com/privacy for more information.


    Economist Podcasts
    enSeptember 12, 2024

    Don wan: Harris keeps Trump tame

    Don wan: Harris keeps Trump tame

    The vice-president turned in a confident if imperfect performance, leaving Donald Trump flustered. But will it change anything? A global shortfall of blood plasma is hampering the development of new medicines; we argue for some simple market forces that could plug the gap (11:40). And how Nigerians are slimming their legendarily lavish weddings amid a cost-of-living crisis (18.10).


    Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.





    Hosted on Acast. See acast.com/privacy for more information.


    Economist Podcasts
    enSeptember 11, 2024

    Mario druthers: Draghi’s plan for Europe

    Mario druthers: Draghi’s plan for Europe

    The EU’s unofficial chief technocrat issued a doorstop of a report outlining how the bloc can boost growth and keep up in a changing world. Is it all too ambitious? Mexico’s lame-duck president has one last project in mind: undermining the judiciary (10:44). And as the film “Fight Club” turns 25 our correspondent finds many of its disturbing messages still resonate (17:49).


    Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.



    Hosted on Acast. See acast.com/privacy for more information.


    Economist Podcasts
    enSeptember 10, 2024

    Plainly reigns but on a plane to Spain: Venezuela’s leader

    Plainly reigns but on a plane to Spain: Venezuela’s leader

    Nicolás Maduro has stolen an election, again—but this time the rightful winner felt so threatened that he has fled to Spain. We ask what happens next. A valedictory dispatch from our global business columnist asks why the forces of “creative destruction” seem to have faded (10:27). And the youth clubs that stitched together the fabric of young Britons’ lives are disappearing (18:55).


    Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.





    Hosted on Acast. See acast.com/privacy for more information.


    Economist Podcasts
    enSeptember 09, 2024

    Grand Barnier: France’s new prime minister

    Grand Barnier: France’s new prime minister

    Two months ago, French politics was thrown into crisis after a snap election left no party with a clear majority. Michel Barnier, the new prime minister, has a huge task ahead. Donald Trump’s campaign took time to adjust to the nomination of Kamala Harris. Now he’s on the attack again (9:40). And celebrating the life of stonemason, Simon Verity (17:37).


    Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+


    For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.



    Hosted on Acast. See acast.com/privacy for more information.


    Economist Podcasts
    enSeptember 06, 2024

    Current affairs: how batteries will green the grid

    Current affairs: how batteries will green the grid

    Though we use more renewable energy than ever before, electricity grids need ways to cope with intermittent wind or solar power. Innovations that make batteries to store that energy bigger, cheaper and more efficient can help. Why tourists are flocking to Asia (9:41). And a listener asks how we should talk to our children about AI (16:59).


    Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+


    For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account. 



    Hosted on Acast. See acast.com/privacy for more information.


    Economist Podcasts
    enSeptember 05, 2024

    Beyond the bullets: we go to Ukraine

    Beyond the bullets: we go to Ukraine

    We take a look at the grim conditions in and prospects for the frontlines in the country’s east and north. But not all of the fighting is military in nature. We examine a far wider cultural revival going on (10:59), in music and fashion and long-forgotten ingredients and methods of Ukrainian cuisine (19:13). “Oh, the Red Viburnum in the Meadow” sung by Andriy Khlyvnyuk


    Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.



    Hosted on Acast. See acast.com/privacy for more information.


    Economist Podcasts
    enSeptember 04, 2024

    The sound of fury: pressure builds within Israel

    The sound of fury: pressure builds within Israel

    The recovery of six hostages from Gaza has provoked mass demonstrations on the streets of Israel and a general strike. But Israel’s government refuses to bow to pressure and a ceasefire deal remains elusive. Why are women less likely to use AI than men (10:27)? And how to make Mars more habitable (18:10). 


    Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+


    For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.



    Hosted on Acast. See acast.com/privacy for more information.


    Economist Podcasts
    enSeptember 03, 2024