Putin’s Aid Is a Peace Offering to Ukraine: Weafer

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Aug. 13 (Bloomberg) -- Chris Weafer, senior partner at Macro Advisory, talks with Anna Edwards about Russian President Vladimir Putin’s intentions in sending aid to Ukraine. He speaks on “The Pulse.”

Convoy heading towards the border and the military endgame approaches.

Vladimir putin has to decide how far he is willing to go.

Our next guest says that the next couple of days and weeks are going to be intense for the kremlin.

How do you weigh what is happening at the moment with him what vladimir putin's intent is.

Frankly, it makes no sense and russia has been able to cross the border for quite some time.

They have been accused of supplying weapons and it does not make sense that this is a convoy.

Assuming that this is.

It puts pressure and the international red cross confirms that it is a convoy army.

The pressure switches if it continues to block a convoy.

It puts more pressure on the government to accept it.

I am assuming that they do allow a convoy to crash and we are in a situation where negotiations for peace talks are good.

It is not a military intervention.

It is a negotiated situation.

Far from being what it could do, this could be an all french.

We have to see what happens.

It does not make sense that this is a military gambit.

They could have done that by direct means.

You lose a lot of credibility is that is what it is.

It is not an olive branch.

It switches the pressure on to kiev if there is a convoy.

If they refuse, the pressure builds.

It is smart.

How is the strategy going down in russia?

We saw a friend of -- a frenzy of t-shirt buying.

There are pressures building.

For example, food inflation measures taken to block incoming measures from europe.

How long will people go along with the strategy?

A key question and popularity has been high.

There is reacquisition.

Look at it positively.

It is almost at a record high.

That is against a backdrop where there was a negligible economic impact in russia.

The last six months have been running up and, unless you were reading the news, you would not know that there were sanctions making an economic impact.

That is starting to change and it is rising and we have inflation peaking.

It will come down by the end of the year.

It is more likely to reach an -- 8%. the last set of sanctions excluded state banks from the international debt market.

Quentin had an impact on credit interest.

But exactly.

Households are spending a larger amount of their income and they are finding it difficult to access debt and expensive.

We are starting to see a noticeable impact on the economy.

The key question is what is happening last through the winter.

I expect to see food shortages.

Question if you have to weigh out the affect of the official announced sanctions against the self-sanctioning by western businesses in forward strategic thinking, how significant are they against one another?

The official sanctions are not that damaging.

Even the last round, they can get that domestically and there is a lot of savings.

It is the risk managers and banks across the u.s. replicating what the governments are doing and they are blocking access to credit and risk.

In july, no russian companies.

That is the first time that has happened.

Long-term damage and the disruption to the supply chains comes down to the next couple of days and weeks.

The kremlin needs to draw a line on the conflict and there cannot be any more sanctions.

The next sanctions will exacerbate situation.

It could get worse.

Thank you.

That is the latest on the ukraine.

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The second-quarter profits

This text has been automatically generated. It may not be 100% accurate.

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