Sanctions Have Hit Russia Hard: Mitov

The video discusses the significant impact of sanctions on Russia, highlighting the country's economic challenges, including limited access to foreign capital and a collapsing investment climate. It explores the debate around capital controls, noting that they are not currently on the agenda due to their potential harm. The video also examines the possibility of Russian counter-sanctions, which are deemed unlikely due to their potential negative impact on Russia itself. Finally, it addresses the vulnerability of Russia's economy to falling oil prices, which could lead to a deep recession if prices remain low.

What has been one of the major impacts of sanctions on Russia?

• Complete access to foreign capital

• Strengthening of the Russian banking system

• Increased foreign investments

• Collapse of investments and a weakened ruble

Why is the Russian government hesitant to implement capital controls?

• They doubt its effectiveness and fear greater damage

• They have already implemented it successfully in the past

• They think it will lead to increased foreign investments

• They believe it will strengthen the economy

What is the general sentiment in Moscow regarding the ban on food imports?

• It had no significant impact

• It was beneficial for the economy

• It strengthened Russia's trade relations

• It hurt Russia more than its Western partners

What was the impact of the ban on food imports according to the general mood in Moscow?

• It was a strategic success

• It harmed Russia more than its Western partners

• It improved Russia's economy

• It had no impact

What is a potential consequence for Russia if oil prices remain low for an extended period?

• Strengthening of the ruble

• Increased foreign investments

• A deep recession

• Economic growth

What is one of the vulnerabilities Russia faces due to the current economic situation?

• Increased access to foreign capital

• Rising oil prices

• Combination of shut off capital markets and dropping oil prices

• Strengthening of the banking system

What is the key factor for Russia's economic stability in relation to oil prices?

• Long-term stability of high prices

• Immediate increase in prices

• Short-term fluctuations

• Temporary decrease in prices