Russia has an economy the size of Brazil; concentrated on the production of strategic goods such as gas, oil, grains and fertilizers. The nation is waging an economic war with the United States, Europe and their allies around the world. How this war can evolve – and what are the consequences for Brazil and for the world – was the theme of the panel mediated by the analyst of Internacional da CNN Brazil Lourival Santa’Anna, this Sunday (6).
The panel discussion was with the political scientist and director of the Eurasia Group, Christopher Garman, with the consultant in International Trade Renata Amaral, and the PhD in Energy Economics David Zylberstain.
For Zylberstain, depending on the continuity and the growing severity of the conflict between Russia and Ukraine, Europe will have to adapt in the coming months to depend less on Russian resources and make sanctions more stringent.
“The gas issue is more complicated, because it is not a pure commodity, it has a more complex transport. If the conflict worsens and continues, measures are already being prepared; for example, Germany would have to close its nuclear plants by the end of the year, most likely it will extend that period, but it is a very reasonable hypothesis. I think that with the prospect of continuing the conflict, there is adaptability in Europe and then sanctions can start to get stricter in relation to oil and gas,” he said.
As for the political environment in the United States, the consultant in International Trade, Renata Amaral, spoke about the sanctions applied by both the government and companies.
“With the war there was a stifling of these prioritization issues in relation to climate issues, this clearly went off the radar of the US government. The internal crises due to these wars are very strong, there are at least three bills in the Senate and House for the US to treat Russia with discrimination – increase import tariffs, increase export quotas of products to Russia, ban exports of products technology”, said Renata.
“We see a parallel movement by both government and companies, we lost focus on the climate issue because of the war,” he added.
Christopher Garman, director of the Eurasia Group, spoke about the popularity of US President Joe Biden in leading the country in the face of Russia’s war against Ukraine.
“For the elections of the American legislature, this November, the issue of the economic pocket must speak louder, so the White House is also very concerned about the repercussions of this war. What seems to be happening is a phenomenon of support for Biden’s leadership in this crisis, it seems that his approval has gone up”, says Garman, who lives in Washington DC, USA.
Check out the entire program in the video above.
Source: CNN Brasil
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