
The podcast explores the Russia-Ukraine war's impact on global energy markets, Russia's economy, and international relations. Daniel Yergin suggests Russia's energy leverage is at its peak, while Angela Stent notes that the average Russian hasn't yet felt the full impact of sanctions, though factories may close due to lack of spare parts. Yergin highlights China as a major beneficiary, taking over industrial projects. Stent argues that the war has become more than "Putin's war" due to propaganda efforts. The discussion also covers Europe's energy policy shifts, the potential for political instability, and the risks associated with a European ban on Russian crude oil imports.
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