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Transcript: What Sanctions Can Do To The Russian Economy

A branch of Sberbank of Russia PJSC in Zagreb, Croatia, on Thursday, March 3, 2022. Hrvatska Postanska Banka dd (HPB) will acquire Sberbank's business in Croatia as Europe carves up the bank's business in the region following sanctions sparked by President Vladimir Putin's invasion of Ukraine prompted a run on its local deposits.Photographer: Petar Santini/Bloomberg
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The US and Europe have unveiled extraordinarily powerful sanctions against Russia in response to its invasion of Ukraine. In addition to the formal sanctions, we've seen numerous companies announce voluntarily that they are ceasing doing business in or with Russia. On This episode, we speak with sanctions researcher Edoardo Saravalle about how the sanctions work. What more might be done. And the potential impact to the Russian economy. Transcripts have been lightly-edited for clarity.