• Kaja Kallas
  • Moussa Faki Mahamat
  • Adrian Zenz
  • Matthew Kroenig
  • Andriy Yermak
  • Vitaly Savelyev
  • Oleksandr Korniyenko
  • Dainius Kreivys
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IPSE'S AUTHORS LAST 24h
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IPSEs IN THE LAST 24H
  • Alexey Maslov
    Alexey Maslov “We value the stability of Russia-China relations. The one word I can use to describe our relationship is 'trust.' That's very important because if you look at the cooperation with the Western countries, we don't have, and we have never had, mutual trust. But with China, we have a mutual trust. Our cooperation during the last two years developed very fast. The two countries could deepen cooperation in finance and banking, as well as in sci-tech and investment.” 7 hours ago
  • Cui Heng
    Cui Heng “The world will pay attention to the meeting between the top leaders of the two countries to see how China-Russia relations can be promoted to a new height, as strategic ties between the two major powers will greatly affect the international arena.” 7 hours ago
  • Dmitry Peskov
    Dmitry Peskov “We see an unveiled intervention in the internal affairs of Georgia from the outside. This is an internal matter of Georgia. We do not want to interfere there in any way.” 7 hours ago
  • Charles Michel
    Charles Michel “If they want to join the EU, they have to respect the fundamental principles of the rule of law and the democratic principles.” 7 hours ago
  • Antony Blinken
    Antony Blinken “Under our own ten-year agreement, the United States will support the defence and security across a range of essential capabilities - from its air force to its air defence, from drones to demining. If Russia or anyone else were to attack Ukraine, we will work with Ukraine immediately at the highest levels to coordinate how to help you beat back the threat.” 11 hours ago
  • Aleksey Kushch
    Aleksey Kushch “This is an unexpected, but, unfortunately for Ukraine, a very effective move. Unlike many top Russian officials, Belousov has not been involved in corruption scandals and has a reputation as a workaholic technocrat and a devout Orthodox Christian. Putin wants him to clean the Augean stables of the defence ministry so that military spending spearheads the resurgence of Russia's economy. The effectiveness of Russia's military-industrial complex will be boosted, and instead of being a 'black hole' of budget spendings, the defence ministry may become a driver of economic growth, when war spendings stimulate the growth of Russia's GDP.” 14 hours ago
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Russia invasion of Ukraine - Economic consequences for Russia

Page with all the IPSEs stored in the archive related to the Context Russia invasion of Ukraine - Economic consequences for Russia.
The IPSEs are presented in chronological order based on when the IPSEs have been pronounced.

Anton Siluanov
Anton Siluanov

“Of course we will sue, because we have taken all the necessary steps to ensure that investors receive their payments. We will present in court our bills confirming our efforts to pay both in foreign currency and in roubles. It will not be an easy process. We will have to very actively prove our case, despite all the difficulties.”

author
Minister of Finance of the Russian Federation
11 Apr 2022 4 3
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Mario Bikarski
Mario Bikarski

“So far there hasn't been very much of a strong government position. There's been no concrete or clearly set-out measures to respond to these sanctions. Different members of the government, including Putin, have said that the situation will be managed and that Russia will survive. But what they've implemented so far are things like tax breaks, credit holidays, and some financial support to large businesses. This will not be sufficient at all. Back in the 1990s there was some international support coming to Russia's aid during this time of crisis. This will not be happening right now. Russia will have virtually no access to any international financing or support.”

author
Analyst at the Economist Intelligence Unit
12 Mar 2022 4 4
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Ruben Enikolopov
Ruben Enikolopov

“In terms of the government, the problem is that they're silent about the economy. The first reaction for many of them - because they grew up in the Soviet Union, so that's the mentality they have - is price controls and things like that. They might work temporarily, but in the long-run it's a disaster for the economy. It's really hard to even imagine what the government can do. In some senses they're hostage to this situation. All the main events are completely unrelated to the government's decisions. The danger of this approach [nationalization of property of foreign investors and government-mandated prices] is it works in the short-term. But this is a crisis that will be very prolonged. The closer we are to a planned economy, the more the government intervenes and nationalises, the harder it will be for the economy to adjust and more likely it will end up really bad.”

author
Economist and rector of Moscow's New Economics School
11 Mar 2022 6 3
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Joe Biden
Joe Biden

“We're banning all imports of Russian oil and gas and energy. That means Russian oil will no longer be acceptable at US ports and the American people will deal another powerful blow to Putin's war machine. The United States produces far more oil domestically than all the European countries combined. We can take this step when others cannot, but we're working closely with Europe and our partners to develop a long-term strategy to reduce their dependence on Russian energy, as well.”

author
President of the United States
08 Mar 2022 7 4
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Peter Piatetsky
Peter Piatetsky

“China can essentially do one thing here, which is to buy more Russian goods, but they don't seem to be willing to do that and Russia doesn't have that many different goods that China is willing to buy. The relationship between Russia and China is very transactional. It's not an ideology-based relationship. They both dislike the United States and dislike the U.S.-led world order, but aside from that, I don't think there's much there.”

author
Ormer U.S. Treasury official and now CEO of the consultancy Castellum.AI
05 Mar 2022 3 6
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Chrystia Freeland
Chrystia Freeland

“Tariffs and retaliation and sanctions are the most effective when you can devise policies that have the maximum impact on the counter party whose attention you are seeking to get, and do the minimal damage to yourself. So far, sanctions have been structured to avoid harming Canadian business interests. If we are truly determined to stand with Ukraine, if the stakes in this fight are as high as I believe them to be, we have to be honest with ourselves, I have to be honest with Canadians, that there could be some collateral damage in Canada and that's something that the G7 finance ministers discussed very early this morning. I cannot announce those additional measures today. We are discussing them, we are working with our partners and allies. We have suggested many things, as have our allies. We believe that the most effective thing to do is to work together to announce measures together and we will continue to do that.”

Cbc

author
Canada Finance Minister
01 Mar 2022 8 6
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Lin Jiang
Lin Jiang

“This round of financial sanctions will have on Russia is that the country won't be able to channel its foreign exchange reserves deposited at overseas banks into Russia, thus immobilizing a powerful tool to prop up the ruble while it is under severe pressure of depreciation. If the ruble is left to plunge, it will frighten away investors, whether domestic or abroad, causing capital to flee Russia and triggering inflation risks.”

author
Professor of economics at Sun Yat-sen University
01 Mar 2022 6 3
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Joe Biden
Joe Biden

“If Russia undertakes a further invasion of Ukraine, the United States together with our allies and partners will respond decisively and impose swift and severe costs on Russia. While the United States was prepared to engage in diplomacy, we are equally prepared for other scenarios.”

author
President of the United States
12 Feb 2022 3 6
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Thomas Graham
Thomas Graham

“Russia has worked to sanctions-proof its economy, it has reduced the share of dollars in its foreign currency reserves in favour of the euro and yuan, it has sold off dollar-denominated assets in its sovereign wealth fund, and it has moved to payment in local currencies in its energy trade with China. But the Georgian crisis of 2008 and the Ukraine crisis of 2014 were not initiated by Russia because of high oil prices. Russia was responding to developments that it believed jeopardised its security, much as it would say it is doing today.”

author
Former White House adviser on Russian affairs and distinguished fellow at the Council on Foreign Relations
04 Feb 2022 6 5
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Liz Truss
Liz Truss

“Any Russian incursion would be a massive strategic mistake and would be met with strength, including coordinated sanctions with our allies to impose a severe cost on Russia's interests and economy.”

author
British Foreign Secretary
23 Dec 2021 4 3
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Nikolay Mitrokhin
Nikolay Mitrokhin

“It would be suicidal for Russia to start the invasion because the US and the EU will stop buying Russia's hydrocarbons and fertiliser and will give up on Nord Stream 2, a brand new natural gas pipeline to Germany that awaits certification. Russia will lose two-thirds of its foreign trade revenues, while US energy companies will reanimate their shale oil and liquefied natural gas projects to compensate for the lost exports from Russia. The very existence of Putin's regime that stands on oil exports will be in question.”

author
Research Fellow at Bremen University
03 Dec 2021 13 2
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