Biden Set to Call for End of Russia Preferred Trade Status

The video discusses the impact of sanctions on Russia, focusing on economic measures by the US and allies. It highlights corporate reactions, including potential nationalization of assets in Russia. The potential for a Russian default and its global economic impact is examined, with a focus on China's role and concerns about domestic economic stability.

What are the potential consequences for Russia if companies continue to leave?

In what ways is the current situation different from the economic crisis of 1998?