Harvard University Economics Professor Oleg Itskhoki and Elina Ribakova, Director of the International Affairs Program at the Kyiv School of Economics, reflect on the strategic impact of the 2014 sanctions on #Russia following its invasion of Crimea. Itskhoki and Ribakova note that although the 2014 #sanctions were a painful warning shot, #Russia utilized the time to reduce its dependence on Western financial markets, while the West, particularly Europe, failed to reduce its reliance on Russian energy supplies.
#Russia #Ukraine #Crimea #Economics #Politics #Geopolitics #Putin #Zelensky #Zelenskyy #Sanctions #News #DailyNews #History #Europe #EuropeanUnion #Oil #Embargo #Trade #Finance #UnitedStates #USA #America #Europe #Shorts #ShortsVideo #ShortVideo #Trump #HooverInstitution
