Stephanie Baker - Punishing Putin's Regime Financially may be Most Effective Route to Ending the War
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- เผยแพร่เมื่อ 23 พ.ย. 2024
- Stephanie Baker is a Senior Writer at Bloomberg, covering the intersection of business and politics. She has also written for The Moscow Times and Radio Free Europe. Stephanie is author of a fantastic book, Punishing Putin: Inside the Global Economic War to Bring Down Russia. It tells the story of how a furious financial war unfolded following the full-scale invasion of Ukraine by Russia, from seizing superyachts to manipulating the global price of oil to blocking the sale of military technology -- a series of unprecedented sanctions that have radically rearranged global alliances.
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Great discussion, as always. As a 76 year old American living in Kherson, Ukraine, throughout the war, I try to follow things closely and this is one of the top five channels that I watch. The big take away for me is to immediately use the $300B in frozen Russian assets to buy unrestricted, long range, precision weapons for Ukraine. One other point, it is said that the Russian people have an enormous capacity to endure pain. I can tell you, living here in Kherson, on or behind the front line for nearly three years, Ukrainians are rather resilient also. Again, great discussion. Keep up the good work.
Precisely! Now that the EU can not trust the USA to help, the EU must send the oligarchs and minigarchs a message.
“You have a choice Putin or your assets.
You have until January 1st to act, after that all your frozen assets will be used for longe range missiles targeting you.”
Or a more diplomatic version of the above😉
As we all know when the backers of war stop backing the war, the war stops.
Precisely! Now that the EU can not trust the USA to help, the EU must send the oligarchs and minigarchs a message.
“You have a choice Putin or your assets.
You have until January 1st to act, after that all your frozen assets will be used for longe range missiles targeting you.”
Or a more diplomatic version of the above😉
As we all know when the backers of war stop backing the war, the war will cease.
AS A RED NECK AMERICAN,YOU,do realise that the $300 Billion,IS RUSSIAN SOVEREIGN MONEY.To make this more EASILY CONSUMABLE,for YOU,is that the money belongs TO ORDINARY RUSSIANS.And " GENIUSES " as YOUR GOOD SELF,state/think that the bricks countries,ARE PLOTTING TO TAKE DOWN THE US.SANCTIONS " AMERICANS' MALE VIAGRA" are the first steps,OF THIS SCHEME.Why should anyone,FREELY want to join YOUR ECONOMICAL POLE,with the risk,of that land,TO HAVE THEIR MONEY STOLEN.Had I been AMERICAN,I would not get TOO COMFORTABLE IN UKRAINE.
Of course being American all you can think of is stealing other people's money. US and its proxies occupy 1/3 of Syria just happens to be the grain and oil producing areas
Greetings from Vietnam a free and independent country that answers to no-one !
Can't even imagine what y'all are all going through. You know what's really crazy, that the anti-Soviet American media of the 80's seems today to be exactly on point. They are wrong, we are too but they are on an entirely different level. The word 'horde' comes to mind. Anyways, it's really interesting and sad.
Your long breath, reporting, researching and advocating so frequently and for so long is AMAZING, dear Jonathan. Deepest respect and thanks.
Very very informative. Thank you!
Jonathan has a remarkable ability to pick interesting guests and his channel the sufficient weight to convince them to go on the show. And once on, the guests are expertly interviewed by Jonathan, so very versed on all aspects of the Russian war of aggression.
Stephanie Baker was a very interesting acquaintance to make. Clearly she has a deep knowledge of sanctions against Russia. It is hard to overestimate the importance of her work in today's world. I hope her wisdom comes to a broad use in the future.
Thank you for this interesting conversation. I appreciate your videos. I always learn something new. Slava Ukraini from Arizona, US.
Thanks Stephanie, the West has been sleepwalking through their own self interest without seeing the big picture.
Thank you, Jonathan. Slava Ukraini 🇺🇦 💙 💛
The most informative discussion and analysis of the impact of Western sanctions on Russia...full spectrum.
Thanks for this! I just ordered the book. Keep up your great work, Jonathan.
👍👍👍
Thanks
Great discussion. Thank you 🙏
Slava Ukraini 🇺🇦💪
When talking about sanctions, it took Americans four years of constant bombarding German industry and it took four years to break Milošević. Russia does have far larger resources, but not limitless. It is only matter of persistence and political will not to enter the foul agreements with Russia. And yes, Russian money in foreign banks does not fall under category of "bank guarantees", because Putin himself broke and is mocking all guarantees, very much like Milošević, who ironically was a banker.
No on doubts Russian resources. Russia's problem is shortage in capabilities. That is the bottleneck.
So interesting. Thx
Thank you, Jonathan and Stephanie Baker, for your interesting conversation.
🇺🇦 Перемоги та миру всім українцям! 🇺🇦
We are in a new era... You are so right, Ms Baker!
An interesting discussion, but since when was it incumbent on the West to aid Russia in the 1990s. Russia was a mafia state before 1991, it was a mafia state before Putin, and it is a mafia state today, admittedly with a different don.
Provided Europe is prepared to step up, Ukraine can survive without US military assistance, but Trump undermining the sanctions regime will put Putin in a much stronger position. On the other hand, a crash in the oil price as cracks in OPEC appear, would badly hurt Putin’s ability to continue to fund the war. And then there is question of what will China do if the threat of secondary sanctions is lifted. Uncertain times indeed.
Excellent! Thank you once again!!!
Great discussion, this book is going on my wishlist!
Thnx both!
Thanks S C
🇺🇦🇬🇧🇺🇦🇬🇧🇺🇦
Thank you so much for an interesting conversation and analysis of the economic woes that Russia is and will be facing in the next year. It certainly seems to jive with other commentators and analysts' assessments that I have been following. Great job guys!
Really informative interview. Stephanie Baker is brilliant. Thank you.
Sanctions on a country at war must have some effect if the laws of economics regarding expansion of production horizons have any validity.
The finance of Russia will be crippled for at least the coming 50 years.
. . .especially if the Kremlin has to pay reparations to Ukraine (and Georgia?).
@brassroots2024 of course mandatory
@@brassroots2024 You are funny😂😂😂!
Johnthan this is a gem of a episode. Love Stephanie Baker I want to check out her book now. Slava 🇺🇦🇺🇦🇺🇦🇺🇲🇺🇲
🇺🇦🇺🇦 SLAVA UKRAINI 🇺🇦🇺🇦
🇺🇦🇺🇦 HEROYAM SLAVA 🇺🇦🇺🇦
Slava already got a Russian passport and asked not to bother him anymore😡.
We can expect Trump to start engineering the reduction of russian sanction from day one of his presidency. The reason being that it's one of Putin's highest priorities. It will form part of Trump's policy of making Russia great again. It's important that the free western media track Trump's policies towards Russia and highlight any pattern that develops.
Trump will do everything to cozy up to his friend Putler.
True but sadly much of the free western media was infiltrated long ago by Russia which is why most news reports mention Russia 1st or spread FUD (fear, Uncertainty, Doubt) about Ukraine's ability to win... and even fewer still mention Ukraine's strengths and achievements given Russia's completely unfair advantage of being able to strike deep into Ukraine.
German companies are still supplying Russia, getting around the sanctions by using a 3rd party in Georgia - that is shameful and they aren't the only ones
Stephanie Baker - Punishing Putin's Regime Financially may be Most Effective Route to Ending the War
Just saw this and can't watch the video just yet.
But I'm inspired to say this:
I hope it's something that can be accomplished within the next 8 or 9 weeks.
Trump seems likely to be ready to start removing sanctions almost as soon as he steps foot in the Oval Office.
I weep for Ukraine and then for the free world. Now is the time for Europe to take the lead or it is game over. The USA is not a free nation anymore.
Ukrainian hits on Russian factories and oil refineries are continuing, though. And there are still British and European sanctions. It's hard to keep adding new ones because of Orban, but the existing ones aren't going anywhere. This EU leadership will be there 3,5 more years.
Biden reminds me of an ashtray on a motorbike .All that power wasted ,Russia could have been finished by now with a real leader with a moral compass and a spine.
Ever so correct! Thank you very much. How I wish that the worthless PoS biden and his equally worthless and cowardly defense secretary had 1% of your intelligence.
Great interview! Shouldn't companies like Apple and Microsoft be obligated to brick anything in Russia that uses their software?
Capital knows no community.
'Those (idiots like Trump) who do not remember the past are condemned to repeat it.' George Santayana
Informative
The rest of the world will need to do that. Putin will get the support he needs from Trump. I say that as a US citizen. It disgusts me, but there's no hoping for an alternate reality.
Nice interview ❤
Wickedly smart.
Impressive woman!
Good chat johnaton !
GJ!
Biggest problem in USA is the low quality education system.
❤
❤❤❤
That was an excellent discussion. Please have another discussion with Ms. Baker now that Trump will be president again.
I apologize for promising that my fellow Americans wouldn't vote for fascism. I truly believed they wouldn't 😢
I apologize for my ignorance but what is the meaning of sanctioning particular military-industrial companies? If there are sanctions concerning delivering crucial parts, selling oil/gas, severing money transfer, severing air and ship traffic - what else could you do specifically do those companies?
👍👏
Europeans LOVE their past life of economic prosperity. They really are having an Identity Crisis. They are not use to becoming POOR. If Europe is not careful, in five years, many European Western Countries could look like Greece in 2010.
SIX recent SC interviews which must be heard. They are outstanding.
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[1] How China benefits from the Long war
[2] Russia’s “Axis of Evil” will not prevent…
[3] Four Possible outcomes to Russia’s war….
[4] Punishing Putin’s regime financially….
[5] On the Brink of Historic failure of western…
[6] Xi’s Surveillance state destroying china’s economy…
What will change in next months w/Biden, then Trumps new presidency? Any predictions or advise for US? WHO is in danger of retaliation from a putin/Trump coupling? .. ... I really respect your opinions. ❤
I don't think Barak Hussain Drone Bomber was Anti War!
🖥🔱⚡🔥😎
Had we supported Yeltsin financially and politically, could we have gotten a Boris Nemtsov Presidency of the Russian Federation?
No. Yeltsin was supported by the west to help him get re-elected. We send PR and media people over to help him hack the election. In hindsight, we should have let him lose. The communists would have been voted back, leading to a period of political flux, like Ukraine had. A series of changes in government and maybe democratic revolutions. But Russian civic society would have grown stronger as a result. In the pursuit of ‘stability’ in Russia, we helped the return of autocracy.
Cyprus & Malta & Hungary… huge loopholes 😢
Sanctions not hit hard when corrupt ppl get rich by not disrupting bad actors
With China, we need to sound slightly conciliatory, while slowly and steadily cutting off some trade, adding a small amount of tariff on some key items that China wants to export most. EV cars is a Prime export item that the US will not allow in to protect the US auto industry. But there is a problem anyway in that more people are slowly adopting a personal financial choice to find secondary transportation, and even to look at a lifestyle change.
But that sort of trend is small, and yet incremental. The leaders of that kind of lifestyle change will be the graduating people from US universities, deciding that they like the urban lifestyle within highly walkable and bikeable cities that have industry and jobs within reach of Urban transit, light rail, BRT and other types of mass transit. Some, like I said, not many, but there is a slowing gaining idea of become either car independent or certainly only relying on cars occasional use secondary vehicles, perhaps a very used small truck or van to handle the heavy load needs, but is a small cost having been already severely depreciated.
So, that is becoming a trend outside of Government's Policy scope. People are becoming political in their own choices of use of vehicles or not, finding towns that have Green Jobs and Green Energy systems being installed, and have local business environment that is NOT dependent on Freeway Merchandising in mass movements of goods and services.
People are starting to hate their cars.
I read this brilliant quote in a related comment section, pls share if you agree:
“Trump is the poor man’s idea of a rich man, the weak man’s idea of a strong man, and the stupid man’s idea of a smart man.”
~ Anonymous
What about all the EU exports to Kyrgyzstan which end up in Russia????
Thank you for keeping your own woke politics out of your Broadcast for a change - refreshing. 👍
@BH195829 Spare us this anti-woke trolling. That would be a refreshing change.
China is growing the trade with the east republics in Russia and silently
growing their influence there
There are not so many countries which share a border with Russia. If we subsume Belarus and Georgia as vasall states which do not have control of its own borders to Russia, it is Norway, Finland, the Baltic states, Poland, Ukraine, Armenia, Azerbaidjan, Kasakhstan, China and North Korea (Mongolia is locked between China and Russia and therefore cannot be as a hub for smuggling. Only these countries would have to control export resp. transit to Russia. Kirgistan for example could not smuggle goods to Russia if not one of these countries would allow transit because they don't have a common border.
On which planet do you live? Aren't you lonely there?
FYI:
Kiev's Defenses 'Crumbling' in Donbass + The Reality of Trump's Ukraine Peace Envoy w/ Mark Sleboda (th-cam.com/video/m50f0lrRGSA/w-d-xo.html);
Putin welcomed in Mongolia despite ICC arrest warrant
(www.bbc.com/news/articles/cwy527yex0no);
BRICS Kazan Meeting DESTROYS Western Hegemony Once And For All | Dr. Michael Rossi (th-cam.com/video/5ZVjVRrdqMk/w-d-xo.html);
🔥 У ВСУ БОЛЬШИЕ ПРОБЛЕМЫ! Трагедия Курахово. Черниговский фронт. ТЦК на передке: зачистка свидетелей (th-cam.com/video/U8RlBV2Kj08/w-d-xo.html).
Do you need more?
The key to measuring Russian Prosperity and Economic Strength is something altogether less financial. It's the Russian Women's Fertility Rate.
According to U.N. projections, Russia’s population of around 146 million could shrink by 20 million people by the end of the century, with worst-case estimates predicting a dramatic decline of nearly 60 million people.
A 2024 U.N. report on demographic trends around the world puts Russia’s current fertility rate at 1.45 children per woman - well below the 2.1 needed to maintain population levels. According to the report, the country’s population has already peaked and is projected to decline, with estimates suggesting it could drop to 125-130 million by 2100.
Keep in mind Russia is a very large physical space inhabited by many nation groups and ethnicities. I would argue that much of Western Russia, the European Russia is experiencing a whole shift in population and that trend is not likely to change given that People are not able to have large families on subsistence wages. Women's propensity to have their first child often is delayed by several years due to poor economic and social conditions
One does not have to look far to see another Demographic Time Bomb ticking in China too. Many young women see their aspirations as completely different from that of their parents. The apartment market collapse and the draconian response to Covid-19 and taught Women especially to completely distrust the CCP and it's policies. Most women now are very content to live the single life, to have enough money just to afford a very small flat away from their parents, and to avoid men and instead have a cluster of like minded women that they share their new found "freedom" in a Totalitarian Dictatorship of a country.
Unless Russia forces fertilization onto women, Russian women like their Chinese counterparts will NOT succumb to the dogma and propaganda of their self centered governments.
I welcome the demographic declines. I honestly have to ask if the world would not be a better, safer, less polluted and dangerous place to live with only 2 or 3 billion Humans globally?
Why do we have to keep having more? So Elon can get richer? He has enough money and power already. Probably too much.
As usual, I like my idea best. What is needed is a Reverse Marshall Plan. Keep the sanctions on for at least 10 years after Putin's defeat. Russia will slip from 11th in global GDP to,say, 40th.
No doubt that Putin is butt hurt !!!
👍🏿👍🏽👍✌🖖🇨🇦🍁🌻💛💙🇺🇦
What is this Love between Putin and Trump? Is Putin showing Trump how to become President for Life and Oligarch in Chief?
😅😢❤.
Is it me or did he really call her senior rioter?
It hasn’t worked so far
...and how is that working out??? 😂
You should never give a suker, I e rasputin a even a break,, or tell them in advance what sanctions, are coming next, all so secondery, need ramping up
Russia has been set back 50 plus years in terms of its people and Administration having or joining a meaningful relationship with the free world. 🌎
😂😂😂
FreeDum ⁉️
Who is doing all the isolations ⁉️
The Global Control Freak ⁉️
🤣🤣🤣
Sanctions do not work since Brics is now bigger than G7 in dollar terms. It is very worse in ppp terms. Europe needs to industrialize first to take on Russia. Russia has inherited humongous Soviet heavy industry that still works. West have financialized too much and the real economy is not that big.
Had to log off video. Adverts too intense.
First world problem.
This negates 2 key facts that unravels any potential such a tactic could have. The first being Russia would strike back. Ukraines energy infrastructure is decimated already. It is entirely dependent on foreign funds to meet even basic governmental spending needs. A few well coordinated attacks could cripple Ukraine further at a time where finding more funds and more support is near impossible. To put it bluntly Ukraine cant go tit for tat with a superior force, with superior assets. The 2nd point is Ukraine does not have the permissions to use western weapons deep into Russia and is highly unlikely to get it, they produce to few long range capable munitions on their own.
A third point just for fun. If they try going shot for shot with Russia their air defense missle supplies which are already strained would be depleted leaving Russia to do sufficient damage so as to cause the population to turn against Zelensky who is already polling increasingly unfavourably. Not a good idea.
Ah I think I just read some information sources in the aggressor nation.
There are many countries that support Ukraine, PLUS thousands of people funding the Ukranian military forces, civilians and the government.
So far several hundred million dollars have flowed into Ukraine outside the government funds.
u r a lil bit late to the partay, friend-o! (i'm american and a FAFO and NAFO type, & then some) U have the pseudo-intellectual spiel that is halfbaked fatalist blended with defeatist. Right out of central casting at Simonyan and Solovy-somesucky assholery.
Russia is done it has a 21 % interest rate,keeps its butter in anti theft cases,a shadow fleet that’s getting blocked plus sanctions galore, just another North Korea now comrade.
So the book is basically a prelude to empowering BRICS! Perfect.
Should have titled it, "How the West Helped Build Up BRICS."
Hahaha.
BRICS? Are you serious? They can't decide where to have lunch.
BRICS is a collection of countries that are having trouble agreeing on almost every issue, foreign policy, or currencies.
The only countries not using the US dollar are China and Russia for international trade. The dollar remains the standard for trades.
Pathetic comment.
So you believe in a bright future for the BRICS. Then go ahead and buy Russian stocks. Good luck with that.
OMG how long can you drag this crap out for! I’m all for Ukraine but WTF!
Trump pumping Oil automatically will dump the crude price...
We already have more oil than we've ever had. Look it up!
Oil production in the US is at record highs. It's OPEC's policies which largely determine oil prices.
@@artmcteagle yes but also mostly global conflict events like Houthi's, Israel/iran etc etc.
@@18_rabbit Those shocks are usually temporary, resulting price hikes are generally of a short nature, just as we see today, the price of Brent Crude is around $74/bbl, despite the ongoing conflicts in Ukraine and the Middle East. Contrast that with the oil crisis of 1973.
@michelemarr76 your country might be but others are not so there are forces that keep the price up.
1. Traders speculation
2. Low crude stored volume
3. Tanker location/booked
4. Refinery volume
5. Shipping consumption
The list is endless..
Nope
Yep 😂😂
I stopped caring about Ukraine, Europe, and anything the moment America chose fascism. Goodbye.
lol Nice sardonic abusurdish humor there, but i assume u r joking since literally the EU and UKR will be part of what indirectly saves the U.S. society from itself!
You people are delusional, Russia is the most sanctioned country in world but has managed to fight for almost 3 years. Amazingly it's the countries that sanctioned Russia that are suffering economically. I don't know who you trying to fool
And your beloved rusha is thriving , right ?
Really ! Ask putin would he like them talking off 😮
Yes, and they are suffering a lot by doing this. Russia will lose their infrastructure because all its infrastructure was built by the Soviets, and it needs repairs. Corruption is also costing any civilian infrastructure contracts, including its military, which cannot be sustained for 5 years and beyond, and every day brings it closer to being a valet with China. So Russia may hope that its alliance with North Corea will protect it from China but China already controls North Corea.
We have 2% inflation and 4% interest rates. Check out Russia, then get back after you've enlightened yourself.
@MichelDerome Keep on dreaming. You people forget one. Other races including Russians have respect and honour, something you whites from US and EU don't have.
So in theory My as smool bussiness owner am Honest and bether then gruged Monopoly puppets,still a hawto do 2 Jobs Be Corse i dont exist in Monopoly mind.what If i dont care to me criminal IS a criminal ,i think that i ab ok dude and good graftman.where a others that whats to do Honest bussiness.
Excellent title, purpose and goal, let's kick and score on it!😅💙🇺🇦🩵👍💸
Haha Haha Haha
Dream on 😅😅