Vladimir Putin’s decision to launch a brutal invasion of Ukraine has sparked a coordinated wave of sanctions from the US and members of the European Union. This may be the most comprehensive set of sanctions that Moscow has seen, but it is certainly not the first. In this episode, Bob & Ben speak with Kristy Ironside, who specializes in the history of the Russian & Soviet economy, for a conversation about the long history of western sanctions against Russia, the Ruble’s tenuous position in the global economy, and how Russia’s long-term economic isolation has, and may continue to, impact people around the world. Although things remain uncertain, it is our hope that these sanctions help to bring an end to the tragedy that Vladimir Putin has unleashed against the people of Ukraine.

Dr. Kristy Ironside is Assistant Professor of Russian, Soviet & International History at McGill University in Montreal, Canada and the author of A Full-Value Ruble: The Promise of Prosperity in the Postwar Soviet Union, 1945-1964 (Harvard University Press, 2021). You can follow her on twitter at @Kristy_Ironside.

This episode was edited by Ben Sawyer.