One year full-scale Russian invasion in Ukraine – how did this affect both countries economically?
In today’s special (English-language) episode, we discuss the economic consequences of the war with the Ukrainian economist Timofiy Mylovanov and the Russian economist Sergei Guriev.
Sergei led the New Economic School in Moscow and was an external consultant of the Cremlin before he flew into exile in France in 2013, where he is now a professor at Science Po in Paris. Timofiy is the president of the Kyiv School of Economics, former minister of Economic Development, Trade and Agriculture in Ukraine and a consultant to Wolodymyr Selenskyj.
We discuss why GDP is not a good measure of economic wellbeing in times of war and how one can even calculate the costs of war and have a look at the long-time economic perspective for Ukraine and Russia.
This episode deals with costs of war, sanctions and rebuilding.
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