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11 March 2022
“Regimes like this change behaviour or get replaced through two sources, a palace coup by the elite, or by mass protests." “Mr Putin is afraid of both,” says Russian economist Sergei Guriev.
“The elites are very unhappy. Imagine you've been building a company for 20 or 30 years, and it's destroyed in one week,” he says. However, he feels Putin is smarter with the Russian population.
“He plays divide and rule with the elite ... but also, he invests a lot in brainwashing the population, saying you're suffering, but this is economic aggression by the West, and we are innocent, we are a victim.”
Guriev argues that despite economic hardship, a majority of Russians will remain reluctant and afraid to push for real change. “Russians are now going below the poverty line, but can they protest against that? The answer is no because Putin's police are still well paid and happy to put down the protesters.”
On UpFront, Marc Lamont Hill asks Guriev, an economist, scientific director of the economics masters and PhD programmes at Sciences Po Paris, and co-author of the book, Spin Dictators: The Changing Face of Tyranny in the 21st Century, whether economic sanctions on Russia will fuel dissent against Putin at home and what effect they could have on the global economy.
Al Jazeera: DW News: France 24: Sky News: Euronews in english: Arirang TV:
GENEVA — The United Nations human rights office said on Tuesday that it had verified 1,335 civilian casualties in Ukraine, including 474 killed and 861 injured, since Russia’s invasion began on Feb. 24.
But the civilian toll was incomplete pending corroboration of reports, it said in a statement: “This concerns, for example, the towns of Volnovakha, Mariupol, Izium where there are allegations of hundreds of civilian casualties.”
Let's discuss Russian economy. Many underestimate its dependency upon technological import. Russia's so deeply integrated into Western technological chains that severing these ties will lead to its collapse. Sanctions are already effective and can be made even more efficient🧵 pic.twitter.com/gKUZ665ePm Many argue that sanctions are "ineffective". That’s false. They are already highly effective in undermining Russian military efforts and can be made even more efficient. They can guarantee that Russia loses this war if they are goal-oriented and not moral crusade-oriented🧵 pic.twitter.com/gfLhTUIvqw We are enforcing an enormous package of economic sanctions that has caused the Russian economy to crater.
The Russian ruble is down almost 50 percent since Putin announced his war.
It is now worth less than one American penny.
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