Mar 4, 2022 • 54M

Russia's War: The Impact of Sanctions and Markets | Chris Cook

And how to build markets for peace

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Rachel Donald
Planet: Critical is the podcast for a world in crisis. We face severe climate, energy, economic and political breakdown. Journalist Rachel Donald interviews those confronting the crisis, revealing what's really going on—and what needs to be done.
Episode details

Russia’s invasion of Ukraine is a terrible, devastating conflict causing an inexcusable loss of life. The rest of the world has bound together to sanction the nation, Putin and his oligarch friends. But how effective will these sanctions be? And how does the current market paradigm allow for war between nations?

I invited Chris Cook back on the show to discuss these key questions. He explains what we can learn from the U.S’s sanctioning of Iran, what role Russia’s energy dominance will play in this war, and, crucially, how we can build markets which promote interdependence—and peace.

Planet: Critical is a resource for a world in crisis, supported by people like you. Join the community by becoming a subscriber today.

Chris is the former director of the International Petroleum Exchange and is now a Senior Research Fellow at the Institute for Security and Resilience Studies at University College London. He firmly believes resilient markets are built on mutuality, cooperation and ethics, and has spent the past 15 years investigating how to create legal frameworks to bind them to behave so.


This episode provides a huge amount of insight into how markets impact geopolitics and how to use them to promote peace. Listen to the full interview here, catch it on on Apple or Spotify, or watch on Youtube. You’ll find the bonus episode on Youtube over the weekend, and paid subscribers have access to the interview transcript.

Learn more about Chris’ work at the Institute for Security and Resilience Studies.

You can also follow Planet: Critical on Youtube and support the project on Patreon. Read the interview transcript here.

© Rachel Donald