Economy

Al Jazeera’s diplomatic editor

22 Jul 2022 3 1

Sinem Koseoglu

Inserted 1 year ago

“Russia is concerned that weapons might be brought via ships to Ukraine and Ukraine is concerned about the safety of its grain deliveries to world markets. The agreement will also pave the way for Russian food and fertilisers to reach world markets as well.”

Al Jazeera’s journalist reporting from Istanbul

22 Jul 2022 4 2

António Guterres

Inserted 1 year ago

“Today, there is a beacon on the Black Sea. A beacon of hope [and] possibility … and relief in a world that needs it more than ever.”

Secretary-general of the United Nations

22 Jul 2022 3 1

Ibrahim Kalin

Inserted 1 year ago

“The grain export agreement, critically important for global food security, will be signed in Istanbul tomorrow under the auspices of President Erdoğan and UN Secretary General Mr. Guterres together with Ukrainian and Russian delegations.”

Turkish Presidential Spokesman

21 Jul 2022 7 1

Albert Park

Inserted 1 year ago

“The economic impact of the pandemic has declined across most of Asia, but we're far from a full and sustainable recovery. On top of the slowdown in the PRC, fallout from the war in Ukraine has added to inflationary pressure that's causing central banks around the world to raise interest rates, acting as a brake on growth. It's crucial to address all these global uncertainties, which continue to pose risks to the region's recovery.”

Asian Development Bank Chief Economist

21 Jul 2022 5 2

Ian Wilson

Inserted 1 year ago

“Meaningful consensus, on even a limited scale, is simply not possible when there are such deeply conflicting sets of political-economic interest. Facilitation of Russia's interests as a part of a compromise deal, for example, would undoubtedly be viewed by other G20 nations, such as the US and UK, as helping to facilitate and legitimise its war on Ukraine. A sizable chunk of G20 countries are actively opposed to Russia's invasion. It is extremely naïve to imagine consensus would be possible and that this wouldn't overshadow the entire event.”

Lecturer in politics and security studies at Murdoch University in Perth

18 Jul 2022 5 1

Janet Yellen

Inserted 1 year ago

“Russia chose this war, having been warned that a broad coalition of countries would respond with sanctions. By starting this war, Russia is solely responsible for negative spillovers to the global economy, particularly higher commodity prices.”

United States Secretary of the Treasury

15 Jul 2022 5 1

Toru Nishihama

Inserted 1 year ago

“China's economy has stood on the edge of falling into stagflation, although the worst is over as of the May-June period. You can rule out the possibility of a recession, or two straight quarters of contraction. Given the tame growth, China's government is likely to deploy economic stimulus measures from now on to rev up its flagging growth, but hurdles are high for PBOC to cut interest rates further as it would fan inflation which has been kept relatively low at present.”

Chief economist at Dai-ichi Life Research Institute in Tokyo

15 Jul 2022 4 1

Art Hogan

Inserted 1 year ago

“When you're faced with as many inputs as we're going to see this week ... it's not unusual for investors to take a risk-off attitude. If (earnings) estimates for the second half don't go down and actually go up a little bit, that's going to shed some of the concern that we're slamming on the brakes and the economy is getting into a recession.”

Chief market strategist at B. Riley

12 Jul 2022 3 1

Wu Qiang_

Inserted 1 year ago

“Often, the heads of different departments and companies attend one meeting in the morning about enhancing dynamic zero, and then in the afternoon a meeting about economic growth. The tensions are within Xi's own model for governing the country. The tensions really arise from him.”

Nytimes

Independent political commentator in Beijing

11 Jul 2022 3 4

Timm Kehler

Inserted 1 year ago

“The last few months have shown one thing: Putin knows no taboos. A complete halt to gas supplies through the Nord Stream pipeline cannot therefore be ruled out.”

Managing director of German industry association Zukunft Gas

11 Jul 2022 4 2

Chayu Damsinghe

Inserted 1 year ago

“Once that change happens, once the heads at the helm change, there is some sense that policy change can actually be implemented and accepted by the people. Last time the people really protested, there was a real change. It is increasingly likely the president will have to take real steps towards change.”

Economist based in Colombo - Sri Lanka

09 Jul 2022 0 3

Christian Lundblad

Inserted 1 year ago

“We've essentially ground our way back to where we were pre-Covid. So, this doesn't necessarily look like a dire situation, despite the fact that we're struggling with inflation and economic declines in some other dimensions.”

Nytimes

Professor of finance at the Kenan-Flagler Business School at the University of North Carolina

08 Jul 2022 3 2

Vladimir Putin

Inserted 1 year ago

“Sanctions restrictions on Russia cause much more damage to those countries that impose them. Further use of sanctions may lead to even more severe - without exaggeration, even catastrophic - consequences on the global energy market. We know that the Europeans are trying to replace Russian energy resources. However, we expect the result of such actions to be an increase in gas prices on the spot market and an increase in the cost of energy resources for end consumers. We should feel confident in ourselves but you should see the risks - the risks are still there.”

President of Russia

08 Jul 2022 5 3

Yang Weimin

Inserted 1 year ago

“Uncertainty is the main factor hurting our national economic development. Uncertainty is the great enemy of action.”

Nytimes

Economist who advises the Chinese government

30 Jun 2022 2 1

Joe Biden

Inserted 1 year ago

“Together, the G7 will announce that we will ban the import of Russian gold, a major export that rakes in tens of billions of dollars for Russia.”

President of the United States

26 Jun 2022 3 1

Bank of Korea

Inserted 1 year ago

“The future price trend is expected to surpass our forecast made in May given changes in various circumstances, including accelerating international oil prices. There is a possibility that this year's price growth exceeds the level (of 4.7 percent) in 2008. Going forward, consumer prices will likely continue their upward move by staying over a 5 percent rise for the time being as inflation pressures are mounting from both the supply and demand sides.”

Koreatimes

Bank of Korea biannual report

21 Jun 2022 3 3

Russia’s Foreign Ministry

Inserted 1 year ago

“If in the near future cargo transit between the Kaliningrad region and the rest of the territory of the Russian Federation through Lithuania is not restored in full, then Russia reserves the right to take actions to protect its national interests.”

Statement of Russia’s Foreign Ministry

20 Jun 2022 2 2

Jens Stoltenberg

Inserted 1 year ago

“We must prepare for the fact that it could take years. We must not let up in supporting Ukraine. Even if the costs are high, not only for military support, also because of rising energy and food prices.”

Secretary General of North Atlantic Treaty Organization (NATO)

19 Jun 2022 2 1

Vladimir Putin

Inserted 1 year ago

“We will not have a closed economy, we have not had one and we will not have one. We did not have a closed economy - or rather we did in the Soviet times when we cut ourselves off, created the so-called Iron Curtain, we created it with our own hands. We will not make the same mistake again - our economy will be open. A country like Russia cannot be fenced in.”

President of Russia

09 Jun 2022 3 3

Sergei Shoigu

Inserted 1 year ago

“The de-mining of Mariupol's port has been completed. It is functioning normally, and has received its first cargo ships.”

Russian Defence Minister

07 Jun 2022 (approx) 3 1

Josep Borrell

Inserted 1 year ago

“Banning 90% of Russian oil imports gives a big blow to Putin's war chest. Withdrawal of Patriarch Kyrill shows limits of foreign policy based on unanimity. Religious leaders should not be shielded from responsibility for supporting Putin's war.”

EU High Representative for Foreign Affairs and Security Policy

03 Jun 2022 6 4

Vyacheslav Mishchenko

Inserted 1 year ago

“Russian financial authorities successfully managed to deal with the emotional reaction of the population and businesses at the onset of the war. The price hike was caused by [the] first emotional reaction, because it put a lot of pressure on customers to buy everything. But then the beginning of April, the situation returned to normal. The supply is there. Yes, there are some troubles with importing goods, but there aren't too many. The price hike was mostly on the psychological side, rather than on the economic side.”

Energy markets expert

02 Jun 2022 4 3

Iskander Lutsko

Inserted 1 year ago

“Three factors have been supporting the rouble: escalating oil prices due to sanctions, capital controls, and a drop in dollar demand and excess FX [foreign exchange] liquidity due to high FX revenues from exports of oil and gas. Due to sanctions and capital controls, an artificial and highly supportive environment” was created for the rouble.”

Chief investment strategist at ITI Capital

02 Jun 2022 8 3

Josep Borrell

Inserted 1 year ago

“We are the most important client for Russia. The purpose is to make Russia have less financial resources to feed its war machine.”

EU High Representative for Foreign Affairs and Security Policy

31 May 2022 4 1

Fiona Mullen

Inserted 1 year ago

“Russia and Cyprus have longstanding links because of the Orthodox Church and the fact that Cyprus was part of the nonaligned movement in the Cold War. It had a good non-double taxation treaty with the Soviet Union, which carried on after 1990, so that generated a lot of business after the breakup of the USSR. And [Cypriots] don't have the mistrust of Russia that NATO countries have. Already since 2013 Russians had moved away from the banks, gradually they moved out of professional services sector, then they moved out of real estate, now it's right across the board.”

Director of consultancy firm Sapienta Economics

31 May 2022 6 1

Volodymyr Zelenskiy

Inserted 1 year ago

“Why are you dependent on Russia, on their pressure, and not vice-versa? Russia must be dependent on you. Why can Russia still earn almost a billion euros a day by selling energy?”

President of Ukraine

30 May 2022 4 3

Emmanuel Macron

Inserted 1 year ago

“Russia has chosen to continue its war in Ukraine. Tonight, as Europeans, united and in solidarity with the Ukrainian people, we are taking new decisive sanctions.”

President of France

30 May 2022 5 2

Charles Michel

Inserted 1 year ago

“Agreement to ban export of Russian oil to the EU. This immediately covers more than two thirds of oil imports from Russia, cutting a huge source of financing for its war machine. Maximum pressure on Russia to end the war.”

President of the European Council

30 May 2022 5 2

Robert Bohn Sikol

Inserted 1 year ago

“The South Pacific countries know how to play the aid game. Chinese money will be accepted, but often the South Pacific countries do not stay bought. It will take more than one visit to change minds. The West needs to be concerned, but not frantic.”

Former legislator in Vanuatu

30 May 2022 4 2

Yi Wang

Inserted 1 year ago

“Don't be too anxious and don't be too nervous. Because the common development and prosperity of China and all the other developing countries would only mean great harmony, greater justice and greater progress of the whole world.”

State Councillor and China's foreign minister

30 May 2022 2 3

Arturs Krisjanis Karins

Inserted 1 year ago

“We're getting a little bogged down in all of the details and we're forgetting the big picture. It's only money, the Ukrainians are paying with their lives. We can and we must support them, if only out of self interest because only when Russia is defeated can we in Europe feel safe.”

Prime Minister of Latvia

30 May 2022 6 5

Kaja Kallas

Inserted 1 year ago

“I don't think we'll reach an agreement today. We'll try to reach an agreement by the summit in June, this is the realistic approach by now.”

Estonian Prime Minister

30 May 2022 3 5

Elvira Nabiullina

Inserted 1 year ago

“Thanks to these factors, inflation is falling faster than we expected. This allows us to lower the key rate today without creating new pro-inflationary risks. We allow for the possibility of further easing of the key rate at upcoming meetings. The first months (since February) were a time for tactical decisions: we had to counteract the first sanctions shock. We managed to protect financial stability and not allow an inflation spiral to unfold. But this, of course, absolutely does not mean that we can breathe easily.”

Head of the Central Bank of Russia

26 May 2022 3 3

Moussa Faki Mahamat

Inserted 1 year ago

“Africa has become the collateral victim of a distant conflict, that between Russia and Ukraine. By profoundly upsetting the fragile global geopolitical and geostrategic balance, it has also cast a harsh light on the structural fragility of our economies. The most emblematic sign of these fragilities is the food crisis following the climatic disorders, the health crisis of COVID-19, amplified today by the conflict in Ukraine. This crisis is characterised by a shrinking world supply of agricultural products and a soaring inflation of food prices.”

Chairperson of the African Union Commission

25 May 2022 6 1

Robert Habeck

Inserted 1 year ago

“It has long been clear that while China is a major trading partner, there are very relevant problems, including when it comes to respecting human rights. Germany is diversifying more, reducing its dependency on China, and will closely examine applications from German companies wanting to make investments in China to rule out human rights violations and forced labour in the supply chain. At the EU level, too, government subsidies to Chinese competitors who want to enter the domestic market should be looked at more closely.”

Vice Chancellor of Germany and Federal Minister for Economic Affairs and Climate Action

24 May 2022 5 3

Jake Sullivan

Inserted 1 year ago

“We are looking to deepen our economic partnership with Taiwan, including on high technology issues, including on semiconductor supply, but we're pursuing that in the first instance on a bilateral basis.”

Taipeitimes

US National Security Adviser

22 May 2022 3 6

Matthew Goodman

Inserted 1 year ago

“I think a lot of partners are going to look at that list and say: 'That's a good list of issues. I'm happy to be involved, but, you know, are we going to get any tangible benefits out of participating in this framework?'.”

Taipeitimes

Asia adviser on the National Security Council during the Barack Obama and George W Bush administrations

22 May 2022 1 2

Vitaly Savelyev

Inserted 1 year ago

“The sanctions imposed on Russia as of today have practically broken all logistics in our country. And we have to look for new logistics corridors.”

Ukrinform

Minister of Transport of the Russian Federation

22 May 2022 2 2

Oleksandr Korniyenko

Inserted 1 year ago

“Lithuania officially stops importing Russian gas, oil and electricity. An excellent example for other allies of how to gain independence from Russian energy resources. Thank you for your support.”

First deputy speaker of Verkhovna Rada of Ukraine

22 May 2022 5 3

Dainius Kreivys

Inserted 1 year ago

“Not only it is an extremely important milestone for Lithuania in its journey towards energy independence, but it is also an expression of our solidarity with Ukraine. We must stop financing Russian war machine.”

Enmin

Minister of energy of Lithuania

20 May 2022 5 2

Yoon Seok-youl

Inserted 1 year ago

“President Biden's visit to Pyeongtaek Campus [Samsung Electronics Pyeongtaek Campus] not only manifests the significance of semiconductors in economic and national security but also gives an opportunity to recall the meaning of the Korea-U.S. global comprehensive alliance through semiconductors. I ask President Biden to provide various incentives for Korean semiconductor companies' investment toward the U.S. and pay greater attention to U.S. equipment and designing companies' investments in Korea. And I hope today's visit will result in upgrading Korea-U.S. relations to become an economic security alliance which is based on advanced technologies and supply chain partnerships.".”

Koreatimes

President of South Korea

20 May 2022 6 4

Antony Blinken

Inserted 1 year ago

“Stop blocking the ports in the Black Sea. Allow for the free flow of ships and trains and trucks carrying food out of Ukraine.”

Themoscowtimes

U.S. Secretary of State

19 May 2022 5 2

Payman Shajirati

Inserted 1 year ago

“The strike has faced the government with a real challenge. Although the government closed down schools and offices, claiming air pollution as the reason, traffic throughout the city was heavily affected. There is a possibility that the strike could spread to include subway and other transportation workers in the city.”

Iranian labor activist

18 May 2022 3 4

Janet Yellen

Inserted 1 year ago

“Eventually, Ukraine will need massive support and private investment for reconstruction and recovery, akin to the task of rebuilding in Europe after 1945. What's clear is that the bilateral and multilateral support announced so far will not be sufficient to address Ukraine's needs, even in the short term.”

United States Secretary of the Treasury

17 May 2022 4 3

Madalina Vicari

Inserted 1 year ago

“Russia has an interest to maintain its geopolitical clout with Turkey through energy interdependence. Also Russia wants to prove that she still can deliver on nuclear exports despite the sanctions. Ultimately, if the first unit is not ready in 2023, there will be huge disappointment from the Turkish side and that disappointment, most likely, will translate into Turkey's foreign policy approach to Russia.”

Expert on energy geopolitics at the Eurasian Energy Chamber

16 May 2022 4 4

Sinan Ulgen

Inserted 1 year ago

“The Akkuyu project is the first in the global nuclear industry based on a build-own-operate model. It means Russia is responsible for all capital expenses during the construction phase. With sanctions, this model is at risk because it is more difficult for Russia to allocate funding. There is now more pressure on its international reserves - half of them have been frozen - so whether Russia can continue to spend these amounts for a reactor in Turkey is unclear. Russia is likely to pressure Turkey to find local companies to take up to a 49 percent stake in Akkuyu.”

Director of the Istanbul-based Centre for Economics and Foreign Policy Studies

16 May 2022 5 5

Sergey Lavrov

Inserted 1 year ago

“The collective West has declared total hybrid war on us and it is hard to predict how long all this will last but it is clear the consequences will be felt by everyone, without exception. We did everything to avoid a direct clash - but now that the challenge has been thrown down, we of course accept it. We are no strangers to sanctions: they were almost always there in one form or another.”

Russian Foreign Minister

14 May 2022 4 3

Mike Stengel

Inserted 1 year ago

“Russia's aviation industry could end up like the one in Iran, which has been able to maintain a fleet of Western-built aircraft using some back-end measures to keep them flying. Russia has a commercially successful aerospace industry that still employs hundreds of thousands of people. It has produced aircraft in the past, so there is a history and infrastructure for designing and producing aircraft engines and aircraft components. It won't be perfect and it would probably result in keeping a skeleton fleet of sorts, but they have a lot of the tools needed to make it work to keep western-built aircraft flying for decades.”

Associate at AeroDynamic Advisory, where he is responsible for research and analysis of aviation and aerospace markets

13 May 2022 4 3

Vladimir Putin

Inserted 1 year ago

“Western governments guided by short-sighted, inflated political ambitions and by Russophobia, deal a much harder blow to their own national interests, their own economies and the well-being of their own citizens. We see it above all by looking at the sharp rise of inflation in Europe which is close to 20% in some countries. It is obvious that... the continuation of the obsession with sanctions will inevitably lead to the most difficult consequences for the European Union, for its citizens. Russia is confidently managing in the face of external challenges.”

Themoscowtimes

President of Russia

12 May 2022 5 5

Kaushal Ramesh

Inserted 1 year ago

“Storage levels are currently sufficient to last through most of 2022, even if Russian flows were to stop instantly, barring any unexpected weather events - but the outlook for winter 2022 supply is now a lot more pessimistic.”

Senior analyst at consultancy Rystad Energy

12 May 2022 2 2

Dmitry Medvedev

Inserted 1 year ago

“The bill approved by the House on Tuesday is a bid to deal a serious defeat to our country and limit its economic development and political influence in the world. It won't work. The printing press by which America is constantly increasing its already inflated government debt will break faster.”

11 May 2022 4 3

Richard Sulik

Inserted 1 year ago

“We agree with this sanction, but are saying that we need a transitory period until we adapt to the situation. What is being discussed today is the duration of the transitory period.”

Slovakia’s economy minister

04 May 2022 4 3

Péter Szijjártó

Inserted 1 year ago

“The Brussels package of sanctions would ban oil shipments from Russia to Europe, with a rather short notice, in case of Hungary the end of next year. Hungary cannot support the measures in their current form. Hungary could only agree to these measures if crude oil imports from Russia via pipeline were exempted from the sanctions.”

Hungarian Foreign Minister

04 May 2022 6 3

Andrey Ontikov

Inserted 1 year ago

“European countries are shooting themselves in the leg. I can't imagine at what price those countries will get oil [elsewhere]. Maybe the United States will provide crude oil, but again, at what price?”

Russian political analyst

04 May 2022 4 5

Ursula von der Leyen

Inserted 1 year ago

“Today we are addressing our dependence on Russian oil, and let's be clear, it won't be easy. Some member states are strongly dependent on Russian oil, but we simply have to do it.”

President of the European Commission

04 May 2022 2 3

Lauri Myllyvirta

Inserted 1 year ago

“The sky-high fossil fuel prices and continued imports into Europe have provided the Kremlin with a major windfall and undermined the effect of economic sanctions.”

Cbc

Lead analyst at the Centre for Research on Energy and Clean Air in Helsinki

04 May 2022 4 3

Art Woo

Inserted 1 year ago

“All things considered, it's holding up better than initially expected. The Russian economy is still projected to fall into a recession later this year. But so far, it has managed to blunt the harshest economic consequences of the Western sanctions.”

Cbc

Senior economist with the Bank of Montreal

04 May 2022 3 5

Zoltan Kovacs

Inserted 1 year ago

“We do not see any plans or guarantees on how a transition could be managed based on the current proposals, and how Hungary's energy security would be guaranteed.”

Hungarian government spokesman

04 May 2022 4 5

Nick Marro

Inserted 1 year ago

“They're luring away a lot of Taiwanese talent and cultivating their own industries in ways that are implicitly weakening the Taiwanese economy, and they're doing this without sending ships or boats into Taiwanese territorial space.”

Analyst for China, Taiwan, and Macau at the Economist Intelligence Unit

04 May 2022 3 3

Dominic Kane

Inserted 1 year ago

“EU's proposed sixth round of sanctions on Russia notably makes no reference to Russian gas. Why? Because in a sense it's a bit like it is the elephant in the European living room - it is too big to be ignored but also so big that to do away with it straight away might have a catastrophic effect on economies across this continent.”

Al Jazeera’s journalist

04 May 2022 4 3

Ursula von der Leyen

Inserted 1 year ago

“Putin must pay a price, a high price, for his brutal aggression. We will make sure that we phase out Russian oil in an orderly fashion, in a way that allows us and our partners to secure alternative supply routes and minimises the impact on global markets.”

President of the European Commission

04 May 2022 5 3

William Pomeranz

Inserted 1 year ago

“Putin wants to try to convince Europe of the consequences - to show that Europe is going to pay for their support of Ukraine. If the economy suffers and people suffer, [it's possible] that European nations - Germany or France or some other nations - would say, 'This isn't worth it'.”

Deputy director of the Kennan Institute in Washington

02 May 2022 5 3

Robert Habeck

Inserted 1 year ago

“We have managed to reach a situation where Germany is able to bear an oil embargo. This means it won't be without consequences. We still have no solution for the refinery in Schwedt. We can't guarantee that supplies will be continuous. There will for sure be price hikes and there will be some outages. But that doesn't mean we will slide into an oil crisis.”

Vice Chancellor of Germany and Federal Minister for Economic Affairs and Climate Action

02 May 2022 6 4

Dan Wang

Inserted 1 year ago

“I'm very worried where this is going because the current lockdown in Shanghai has been looking like it is going to end after this May holiday which means most people can probably walk around their neighbourhoods but for most factories around the East coast they are not in a very good condition. Taking notice of what is happening in Shanghai, many other cities are taking precautionary measures - even with one COVID case a whole city can be locked down. We might be looking at a situation where 30 cities might be locked down simultaneously. That is hugely disruptive to the supply chain.”

Chief economist at Hang Seng Bank

30 Apr 2022 4 3

Vyacheslav Volodin

Inserted 1 year ago

“Lend-Lease is a commodity loan, and not cheap: many future generations of Ukrainian citizens will pay for all the ammunition, equipment and food that the United States will supply. Ukrainian President Volodymyr Zelenskiy is driving the country into a debt pit.”

Chairman of the State Duma

29 Apr 2022 7 3

Elina Ribakova

Inserted 1 year ago

“In Moscow it may seem that nothing [bad] is happening. But if you are in the Kaluga region or near St. Petersburg, where there are car assembly plants, everyone there knows that in a couple of months they will be out of work.”

Deputy chief economist at the Washington-based Institute of International Finance (IIF)

27 Apr 2022 5 4

Alexander Nikolov

Inserted 1 year ago

“Alternative supplies are available, and Bulgaria hopes that alternative routes and supplies will also be secured at EU level. Obviously gas is used as a political tool. As long as I am minister, Bulgaria will not negotiate under pressure, Bulgaria is not for sale and does not succumb to any trade counterpart.”

Bulgarian Energy Minister

27 Apr 2022 3 3

Ursula von der Leyen

Inserted 1 year ago

“Gazprom's announcement is another attempt by Russia to blackmail us with gas. We are prepared for this scenario. We are mapping out our coordinated EU response. Europeans can trust that we stand united and in solidarity with the Member States impacted.”

President of the European Commission

27 Apr 2022 7 3

Pierluigi Paganini

Inserted 1 year ago

“The consequences of an oil embargo would likely cause a recession in Europe. While the US, the EU, the UK, and other countries have sanctioned Russia, Russian export revenues since the beginning of the invasion is not decreasing. Even if European governments agreed to stop Russian coal imports starting in August, it is not enough. The prices for oil would increase on a global scale. Using alternative oil provisions from the Middle East and Africa would take time, which in turn would force European countries to adopt an energy policy characterised by austerity.”

Cybersecurity and intelligence expert in Italy

27 Apr 2022 8 5

Oleg Ustenko

Inserted 2 years ago

“Imagine how many missiles and bombs you can buy for that kind of money. Some people in Europe still have extremely narrow thinking. They believe they can help us, that they're our great friends and indeed they are. But they do not understand that by supplying this money to Putin, they are funding his military machine. If Russians are committing war crimes, even genocide, whoever is supplying Russia with this bloody money is guilty of the same war crime.”

Theguardian

Economic adviser to the President of Ukraine (Zelenskyy)

23 Apr 2022 4 4

Aleksey Kushch

Inserted 2 years ago

“Russia has enough resources for six months. By the year's end, its gross domestic product (GDP) will shrink by up to 15 percent, and then two to three years of adaptation will follow. In the end, they will have an autarky like that in Iran.”

Kyiv-based analyst

19 Apr 2022 4 1

Elvira Nabiullina

Inserted 2 years ago

“Sanctions had mainly affected the financial market but now they will begin to increasingly affect the economy. The main problems will be associated with restrictions on imports and logistics of foreign trade, and in the future with restrictions on exports. Russian manufacturers will need to search for new partners, logistics, or switch to the production of products of previous generations. Exporters would need to look for new partners and logistical arrangements and all this will take time.”

Head of the Central Bank of Russia

18 Apr 2022 7 3

Tommy Wu

Inserted 2 years ago

“We expect a stronger macro policy response in the second quarter to shore up growth, but the impact will be limited in the context of restricted mobility. The effectiveness of policy stimulus will depend on whether mobility will still be restricted in a broad scale, so risks to the outlook remain skewed to the downside.”

Lead China economist at Oxford Economics in Hong Kong

18 Apr 2022 3 2

Lindsey Graham

Inserted 2 years ago

“We hope to strengthen the [bilateral] ties even more economically. We are here to show support for what we love. We love freedom, we love the ability to achieve your individual dreams, we love the ability to pick our own leaders, we love the rule of law and we hate the rule of [the] gun. It is often asked what would America do if the Chinese Communist Party became more provocative against Taiwan. I'm convinced we would stand for what we love. We would stand with you.”

Taipeitimes

Senator from South Carolina and member of the Republican Party

15 Apr 2022 4 2

Vladimir Putin

Inserted 2 years ago

“What's astonishing is that the so-called partners from unfriendly countries concede themselves that they won't be able to make do without Russian energy resources, including without natural gas, for example. There is no rational replacement (for gas) in Europe now. Unfriendly countries admit that they cannot do without Russian energy resources.”

President of Russia

14 Apr 2022 5 3

Anton Siluanov

Inserted 2 years ago

“Of course we will sue, because we have taken all the necessary steps to ensure that investors receive their payments. We will present in court our bills confirming our efforts to pay both in foreign currency and in roubles. It will not be an easy process. We will have to very actively prove our case, despite all the difficulties.”

Minister of Finance of the Russian Federation

11 Apr 2022 4 3

Clayton Allen

Inserted 2 years ago

“You've kind of hit the ceiling - on both sides of the Atlantic - for what can be done easily and what can be done in short order. To move to a tougher round of sanctions, U.S. officials will need to provide some assurances to European countries that energy markets and supplies can be stabilized to avoid severe economic hardship. If Western Europe is plunged into a recession, that's going to drastically limit the amount of support - both moral and material - that they can provide to Ukraine.”

U.S. director at the Eurasia Group political risk consultancy

06 Apr 2022 7 2

Benn Steil

Inserted 2 years ago

“We are at the point where we have to take some pain. The initial batches of sanctions were crafted as much to not hurt us in the West as much as they were to hurt Russia.”

International economics director for the Council on Foreign Relations think tank in New York

06 Apr 2022 3 3

Dmytro Kuleba

Inserted 2 years ago

“I appreciate the strengthening of the 5th EU sanctions package: bans on Russian coal, vessels accessing EU ports, and road transport operators. But it will take a gas/oil embargo and de-SWIFTing of all Russian banks to stop Putin. Difficult times require difficult decisions.”

Foreign Minister of Ukraine

06 Apr 2022 8 3

Sergei Aleksashenko

Inserted 2 years ago

“The war against Ukraine is resulting in decoupling of the Russian economy from the global economy. We don't know when and how this process will stop. If Putin were to remain in power for another five years, even if he managed to strike some kind of a peace deal, the Russian economy would look like a mixture of the Soviet economy of 1985 and the North Korean economy of today. The economic legacy of Putin will be … a disaster.”

Russian deputy finance minister in the 1990s

05 Apr 2022 4 3

Christian Lindner

Inserted 2 years ago

“We are dealing with a criminal war. It is clear we must end as quickly as possible all economic ties to Russia. We must plan tough sanctions, but gas cannot be substituted in the short term. We would inflict more damage on ourselves than on them.”

German Finance Minister

04 Apr 2022 3 2

Gitanas Nauseda

Inserted 2 years ago

“From this month on - no more Russian gas in Lithuania. Years ago my country made decisions that today allow us with no pain to break energy ties with the agressor. If we can do it, the rest of Europe can do it too!”

President of Lithuania

02 Apr 2022 4 3

Uldis Bariss

Inserted 2 years ago

“If there were still any doubts about whether there may be any trust in deliveries from Russia, current events clearly show us that there is no more trust. Since April 1st, Russian natural gas is no longer flowing to Latvia, Estonia and Lithuania.”

CEO of Conexus Baltic Grid (Latvia’s natural gas storage operator)

02 Apr 2022 5 3

Nirmala Sitharaman

Inserted 2 years ago

“I would put my country's national interests first and I would put my energy security first. Why should I not buy it? I need it for my people.”

Minister of Finance of India

01 Apr 2022 (approx) 4 3

Sergey Lavrov

Inserted 2 years ago

“It is absolutely clear that more and more transactions would be done through this system using national currencies, bypassing dollar, euro and other currencies. We will be ready to supply any goods which India wants to buy. I have no doubt that a way would be (found) to bypass the artificial impediments which illegal unilateral sanctions by the West create. This relates also to the area of military-technical cooperation.”

Russian Foreign Minister

01 Apr 2022 3 2

Edward Fishman

Inserted 2 years ago

“The U.S. and Europe I do believe deserve a lot of credit for the solidarity and resolve they've shown on sanctions. The sanctions are clearly impacting Russia's economy dramatically. However, I think that we've stalled out a bit. There's a lot of room for escalation.”

Politico

Former Obama State Department official who played a central role in crafting sanctions after Russia’s 2014 invasion of Crimea

31 Mar 2022 2 4

Vladimir Putin

Inserted 2 years ago

“In order to purchase Russian natural gas, they must open rouble accounts in Russian banks. It is from these accounts that payments will be made for gas delivered starting from tomorrow. If such payments are not made, we will consider this a default on the part of buyers, with all the ensuing consequences. Nobody sells us anything for free, and we are not going to do charity either - that is, existing contracts will be stopped.”

President of Russia

31 Mar 2022 3 2

Gul Gul

Inserted 2 years ago

“We sell seven to eight units to Russians every day. They are wealthy Russians but not oligarchs. They are finding ways to bring their money to Turkey. There are customers buying three to five flats.”

Co-founder of the Golden Sign real estate company in Istanbul

28 Mar 2022 5 3

Mykola Solskyi

Inserted 2 years ago

“The impact (on global markets) is direct, dramatic and large. And it continues. Every day the situation will become more and more difficult.”

Ukraine's Agriculture Minister

26 Mar 2022 0 1

Edward Lemon

Inserted 2 years ago

“When it comes to Kazakhstan, there's been the usual call for diplomacy. Kazakhstan abstained from the vote at the UN on the Ukrainian issue but we haven't seen open support for Russia's position. Going forward we can see more concerted pressure on Kazakhstan to take a stronger stance. Only yesterday, the news came that Kazakhstan can no longer export its oil through the Caspian pipeline consortium, which is part of Russia's original plan to cut off oil supplies to the West.”

Professor at Texas A&M University

25 Mar 2022 6 2

Daleep Singh

Inserted 2 years ago

“What we're seeing is a charade: a Potemkin market opening. After keeping its markets closed for nearly a month, Russia announced it will only allow 15% of listed shares to trade, foreigners are prohibited from selling their shares, and short selling in general has been banned. Meanwhile, Russia has made clear they are going to pour government resources into artificially propping up the shares of companies that are trading. This is not a real market and not a sustainable model-which only underscores Russia's isolation from the global financial system.”

Whitehouse

Deputy national security adviser to Biden and deputy director of the US National Economic Council

24 Mar 2022 5 4

James Bays

Inserted 2 years ago

“The first meeting here is NATO looking at the military part of this. Looking at support for Ukraine, but also looking at beefing up NATO's forces for those countries close to Russia. Certainly, there's been a 10-fold increase in land forces from the situation that was there before and 100,000 US troops have been sent to Europe. So that's a very, very big boost. At the European Union summit, I think more of the focus will be on sanctions, as will the meeting with the G7 leaders. The Japanese prime minister, not a member of NATO, and the other members of G7 will be flying in for that meeting.”

Al Jazeera’s diplomatic editor reporting from Brussels

24 Mar 2022 6 1

Jake Sullivan

Inserted 2 years ago

“What we would like to hear is that the resolve and unity that we've seen for the past month will endure for as long as it takes.”

US National Security Adviser

23 Mar 2022 4 1

Vladimir Putin

Inserted 2 years ago

“Russia will continue, of course, to supply natural gas in accordance with volumes and prices ... fixed in previously concluded contracts. The changes will only affect the currency of payment, which will be changed to Russian roubles. An understandable and transparent procedure of making payments should be created for (all foreign buyers), including acquiring Russian roubles on our domestic currency market.”

President of Russia

23 Mar 2022 3 1

Yoon Seok-youl

Inserted 2 years ago

“I will try to help shift the focus of our economy from government-led growth to private sector-led growth to help the free-market economy work better. The government is focused on establishing infrastructure so that companies - regardless of their size - will spearhead the creation of jobs and make investments, which will eventually help the nation grow.”

Koreatimes

South Korea President-elect

21 Mar 2022 5 3

Abishur Prakash

Inserted 2 years ago

“The West has wanted to decouple from Russia for a long time … with Ukraine, that opportunity has emerged, and Western companies are following suit. But, Asian companies don't have the same incentive. Nor are they being pressured by their governments or customers. Why should they sacrifice revenue unless they're required to? It's possible that the Asian consumer doesn't empathise with the Ukraine conflict the same way the European or American consumer does. That 'geographical' or 'cultural' connection doesn't exist. And this means Asian consumers are less likely to pressure or punish Asian brands over their Russian footprint.”

Canada-based geopolitical advisor and author of 'The World is Vertical'

21 Mar 2022 5 2

Dmitry Peskov

Inserted 2 years ago

“An oil embargo is a decision that will hit everyone. Such an embargo will have a very serious impact on the world energy market, it will have a very serious negative impact on Europe's energy balance.”

Kremlin spokesman

21 Mar 2022 4 3

Simon Coveney

Inserted 2 years ago

“Looking at the extent of the destruction in Ukraine right now, it's very hard, in my view, to make the case that we shouldn't be moving into the [Russian] energy sector, particularly oil and coal.”

Ireland’s foreign minister

21 Mar 2022 6 3

Gabrielius Landsbergis

Inserted 2 years ago

“I think it is unavoidable to start talking about the energy sector, and we definitely can talk about oil because it is the biggest revenue to Russian budget and also it's quite easily replaceable.”