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 and what is reality? Today on the show, host Martin Sandbu poses these questions to Sergei Guriev, dean of the London Business School, and an economic adviser to Russian opposition figures, as they try to figure out what is really going on in Russia’s economy. 

Martin Sandbu is a columnist for the Financial Times, and writes the Free Lunch newsletter. You can find it here: https://www.ft.com/free-lunch.  

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Read a transcript of this episode on FT.com

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