Russia’s war of aggression against Ukraine is not only causing tragic humanitarian casualties, but also harming the economy. In the first English-language episode of the ECONtribute podcast, Ukrainian economist Tymofiy Mylovanov and Russian economist Sergei Guriev discuss the costs and economic impact of the war on both countries.
In conversation with host Carolin Jackermeier, the economists each look at their home country to explain why gross domestic product (GDP) is not a useful measure of a country’s prosperity in times of war. They reflect on how economic production in both countries has changed as a result of war and why economic sanctions save lives. The scholars also comment on ways to finance Ukraine’s reconstruction and hold Russia accountable. “The reconstruction plans, however, ignore the risk of ongoing military threat to Ukraine from Russia,” Timofiy Mylovanov warns in the podcast.
Timofiy Mylovanov is president of the Kyiv School of Economics. He was Minister of Economy of Ukraine and advises President Wolodymyr Selenskyj. Sergei Guriev was rector of the Moscow School of Economics and an external advisor to the Kremlin before fleeing into exile in France in 2013. He is a professor at Sciences Po in Paris.
The 30-minute episode is available now on all popular podcast platforms: Listen now