logo
episode-header-image
May 5
23m 57s

Why Is Russia's Economy Growing?

PATRICK BOYLE
About this episode

Since Russia invaded Ukraine in 2022, its economy has surpassed most expectations. Last year, Russia’s economy grew more than the United States and Europe and on top of that Russian unemployment is at a record low. What is causing this growth and how are wartime economies different?


Patrick's Books:

Statistics For The Trading Floor: https://amzn.to/3eerLA0

Derivatives For The Trading Floor: https://amzn.to/3cjsyPF

Corporate Finance: https://amzn.to/3fn3rvC


Ways To Support The Channel:

Patreon: https://www.patreon.com/PatrickBoyleOnFinance

Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle


Visit our website:

https://www.onfinance.org

Follow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social


Business Inquiries ➡️ sponsors@onfinance.org

Up next
Aug 20
15% to the Treasury: Trump’s Nvidia Export Kickback!
In weeks podcast, we unpack Donald Trump’s controversial deal with Nvidia and AMD — a 15% revenue-sharing arrangement that allows U.S. AI chips to be exported to China. Is this a clever geopolitical strategy or a dangerous precedent that monetizes national security?We explore:How ... Show More
28m 5s
Aug 12
Sales Down, Pay Up: Inside Tesla’s Strange New Reality!
Tesla’s sales are falling across the globe—from the UK to China to California. So why did the board just hand Elon Musk a $29 billion pay package? In this video, we break down the contradictions at the heart of Tesla’s current moment: collapsing demand, the Cybertruck debacle, th ... Show More
31m 37s
Aug 5
Is the Global Trading System Breaking Down?
In this weeks podcast, we examine the implications of Trump’s latest trade deals —from the one-sided EU deal to politically charged moves against Brazil. Are the deals being structured to exclude China from global supply chains and are these tariffs just about trade, or something ... Show More
25m 47s
Recommended Episodes
Aug 18
Why Russia’s wartime economy is starting to crack, with Elina Ribakova
When the EU and US hit Russia with fresh sanctions in 2022, many analysts expected the country’s economy to crack. Instead, Russia has shown strong GDP growth, powered in large part by a massive boost to war-related industries. Now, the effects of that boost appear to be fading. ... Show More
28m 8s
Feb 2025
The real Russian economy. With Sergei Guriev
The war in Ukraine is a humanitarian crisis. It is also an economic problem. Sanctions from the US and Europe are meant to make war too expensive for Russia to continue. President Vladimir Putin claims those sanctions have failed and his economy is strong. But what is propaganda ... Show More
42m 16s
Sep 2024
Russia, Ukraine, and Europe’s war economy
After a period of stalemate between Russia and Ukraine, direct military action has recommenced. Heightened tensions have led to discussions on Europe’s readiness for a ‘war economy’ and the United States is also reportedly considering lifting its ban on Ukraine’s use of American ... Show More
34m 22s
Feb 2022
15 Key Economic Questions After Russia Invades Ukraine
This episode is sponsored by Nexo, Arculus, and FTX US. In the wake of Russia’s invasion of Ukraine, NLW explores 15 key economic questions including: Why isn’t the world going even bigger on sanctions? How is Russia’s economy tied to the rest of the world? Why isn’t Russia scare ... Show More
30m 38s
Apr 2014
The differing responses to the Ukraine crisis
This week, German Chancellor Angela Merkel is in Washington for talks with President Barack Obama, and Ukraine will top the agenda. Washington has led the way on sanctions, imposing asset freezes and travel bans on dozens of senior Russians and scores of companies, in an attempt ... Show More
9m 48s
Aug 2024
Block busters: how Russia flouts sanctions
Since the invasion of Ukraine, the West has deployed massive economic restrictions on Russian trade. So why is Russia’s economy growing? A survivor’s story from the forgotten conflict in Sudan (10:47). And Turkey tries to rid its streets of stray dogs (17:56). Listen to what matt ... Show More
23m 37s
Apr 2025
Why is Europe falling behind the US?
Even before there was talk of a trade war between the US and EU, Europe was on the economic backfoot. But it wasn’t always the case. In 2008, the EU was the world’s biggest economy - today, the US economy is $9.5 trillion bigger than the EUs. So what has happened?Presented and pr ... Show More
19m 3s
Jul 2024
Is the Russian economy being ‘re-Sovietised’?
A group of European finance ministers says that the Russian war economy is deteriorating and has called for increased pressure on Putin’s regime. But is their analysis correct? Plus: we consider the future of the Conservative Party, and revisit Richard Nixon and Nikita Khrushchev ... Show More
40m 7s
Jan 2020
World Economic Forum Outlook
On today’s show, we’re talking about a global perspective of growth. The World Economic Forum opened this week in Davos Switzerland. The price of admission to that conference is high, but the networking is awesome. If you’re like me and have projects to get done, you’re probably ... Show More
5m 14s