Atlantic Council Economic Statecraft Initiative Director Julia Friedlander joins Yahoo Finance Live's Akiko Fujita and Brian Cheung to discuss the U.S. and Western allies blocking select Russian banks from the SWIFT system, Russia doubling its interest rates, and the outlook for Russia's oil and gas revenue.
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Francisco Gimeno - BC Analyst What are going the long term consequences of the sanctions against Russia, where the ripples of this will touch? This is kind of unprecedented, with the exception of a rogue State like North Korea, and even North Korea is allowed in some spaces of the global arena. If the end of this is to use a financial leverage against the ability of manage a war by Russia, and punish bad behaviour it seems good, but considering that this is a Star highly proud of itself where democracy is sooted by oligarchs together with nuclear weapons, we have to be careful on how to do this. In any conflict, any miscalculation can hugely impact the landscape and result in a worse situation.