How Ukraine Invasion Reshaped Russian, Global Economies

The video discusses the economic impact of sanctions on Russia, noting that while short-term effects are less severe than expected, long-term impacts could be significant. Russian PMIs have rebounded, and exports are up in value terms despite lower volumes. Sanctions are described as a 'slow poison,' causing a brain drain. The conflict has severely impacted Ukraine's economy, with GDP expected to drop by 35%. European countries, especially Germany and its neighbors, face energy supply challenges, leading to increased gas prices and potential recession.

Which European countries are mentioned as being hit hardest by the energy supply cuts from Russia?

What challenges are central bankers facing in relation to the economic situation in Europe?