The ‘amazing’ aspect of the international response to the conflict in Ukraine
The West has imposed crushing sanctions on Russia in response to Vladimir Putin’s invasion of Ukraine, putting “extreme pressure” on the Russian economy.
Professor of Political Science at Syracuse University, Brian Taylor, says he’s been “amazed” by how quickly the global community has come together with a “stunning package of sanctions”.
“This is huge and the impact in Moscow has been explosive,” he told Ross and Russel.
“I don’t think they’re going to stop Vladimir Putin in his tracks, but they are going to inflict severe pressure on the Russian economy.”
Professor Taylor said sanctions “can probably go a bit further”.
“One of the interesting things about the sanctions, and I don’t think the Russians anticipated this, is the … group of countries that have sanctioned them – including the US, the UK, Australia, the EU, etc – have put blocking sanctions on the Russian Central Bank, so some of this money that they’ve socked away for emergency situations is sitting abroad and no longer accessible to the Russian Central Bank.”
Press PLAY below to hear Professor Taylor on the “stunning” sanctions