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Putin "wins" Russia election, but at what cost?
Quick Take

Putin "wins" Russia election, but at what cost?

Ian Bremmer's Quick Take: Putin feels domestically quite stable. That's true politically. It's also true economically. The Russian economy is not performing well. The growth we're seeing in the Russian economy is because of the war economy, which is a massive piece of what the economy represents today. But they're losing lots of human capital.

Russia's resilient economy won't fall apart anytime soon
World

Russia's resilient economy won't fall apart anytime soon

How badly has the Russian economy been affected from the war in Ukraine? Why is a US four-star general warning about a potential war with China in 2025? Given widespread opposition, how does Macron expect to pass pension reform in France? Ian Bremmer shares his insights on global politics this week on World In :60.

Kevin Rudd: Xi thinks Putin is a "dummy"
Russia/Ukraine

Kevin Rudd: Xi thinks Putin is a "dummy"

Australia's former PM believes that the once-blossoming bromance between Xi Jinping and Vladimir Putin has turned toxic. Why? You guessed it: Russia's war in Ukraine. China's leader thinks Putin is a "dummy" for launching a "halfcocked" invasion that neither the Russian military could pull off nor the Russian economy afford, Rudd — also president and CEO of the Asia Society — says during a conversation with Eurasia Group President Ian Bremmer at the Asia Society's HQ in New York.

Biden's Gas Prices woes
News

The Graphic Truth: Biden's gas price woes

Polls show US voters rank the economy as their No. 1 issue ahead of the Nov. 8 midterms. Many blame Democrats for today’s inflationary pressures despite a bid by the White House to dub increased prices at the pump as “Putin’s price hike.” But even before the Russian invasion of Ukraine sent global supply chains into a tizzy, Biden’s disapproval rating was way higher than he would’ve liked. We track the correlation between it and US gas prices since the beginning of the year.

Global inflation shock
Quick Take

Global inflation shock

Ian Bremmer's Quick Take: No matter what your government looks like, you're dealing with very high inflation. This is a global inflation shock. The economic disruption hit everybody. First, COVID destroyed global supply chains, seizing up the global economy. Then China's zero-COVID - just as the United States and the Europeans vaxxed and relaxed, started unmasking and going about our business - the Chinese locked down Shanghai and Beijing and some of China's most important ports. We still get so many of our goods, especially the low-cost ones, from China. That hits with greater supply chain risk. On top of that, the war, the Russians invading Ukraine, leading to massive disruptions in energy, massive disruptions in food and fertilizer - all of that is increasing prices.

The Graphic Truth: Thirsty for Russian energy
Graphic Truth

The Graphic Truth: Thirsty for Russian energy

Much of the world has long relied on Russian energy to power their economies. That makes it very hard for them to punish the Kremlin for invading Ukraine by ditching Russia's plentiful oil, natural gas, and coal in the near term. So, who's most dependent on Russian fossil fuels? We look at a select group of OECD economies.

Piling sanctions on Russia | Russian sanctions by type and country (infographic)
Graphic Truth

The Graphic Truth: Piling sanctions on Russia

Western powers have tightened the screws on the Russian economy since Vladimir Putin decided to invade Ukraine. But so far sanctions have done little to sway Moscow. Still, the economic pain now inflicted on Russia is far more intense and widespread than what's the US and its allies are doing to other regimes hostile to them. Here's a snapshot of current economic sanctions against Russia.

Unpacking Lithuania's energy independence strategy
Crisis Recovery

Unpacking Lithuania's energy independence strategy

Over the past two years, Lithuania's economy was hit hard first by COVID, then by the Belarusian migrant crisis, and finally high energy prices late last year. But now it's proving more resilient than others to the effects of the Russian invasion of Ukraine. Why? Mostly because they prepared for it, Lithuania's Finance Minister Gintarė Skaistė tells Eurasia Group's Shari Friedman in a GlobalStage conversation.