On Thursday, March 3, Sergei Guriev joined Markus’ Academy for a lecture on The Implications of of Sanctions on the Russian Economy. Guriev is a Professor at Sciences Po and formerly the Chief Economist at the EBRD and Rector of Moscow’s New Economic School. Introductory remarks by Markus Brunnermeier.

[0:00] Introductory Remarks
[11:36] Pre-war economic outlook
[18:22] Real GDP and household incomes
[19:09] Russia vs. other EMEs
[20:10] Putin’s approval ratings
[21:26] 2014 sanctions
[23:34] 2022 sanctions
[28:52] Short- and long-run impact of sanctions
[34:21] Russian CDS spreads
[34:57] Economic outlook
[41:29] Political outlook
[42:26] Open questions
[47:49] Q&A