Debate of the day

Can the "economic war" be won?

Audio 29:25

A protester holds a sign reading 'No SWIFT for Russia' during a rally against the Russian invasion of Ukraine on February 26, 2022 in Frankfurt am Main, western Germany.

AFP - YANN SCHREIBER

By: Romain Auzouy

1 min

This is the answer to the war in Ukraine: since the beginning of the Russian invasion, the West has increased economic sanctions.

The latest major one, the exclusion yesterday Wednesday (March 2, 2022) of seven Russian banks from Swift, a key cog in international finance.

The stated objective: "wage a total economic and financial war against Russia", in the words of the French Minister of the Economy Bruno Le Maire who subsequently tempered his remarks.

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Is this the best option to bend President Vladimir Putin?

What are the risks of such a policy in a context of strong economic dependence on Westerners?

What are the consequences for the global balance?

To discuss:

- Michel Ruimy,

economist, professor at ESCP and Sciences Po Paris

- Ivan Samson,

professor of Economics and Social Sciences at the University of Grenoble, specialist in Russia

- Carole Grimaud-Potter

, Russian geopolitics teacher, Paul Valery Montpellier University.

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  • Russia

  • Ukraine

  • Finance

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