Ukraine War: How Sanctions on Russia Will Backfire Against Western Imperialism, w/ Prabhat Patnaik

The fighting in Ukraine might be a European war but its consequences are global, and it may even cause changes in geopolitical balances, relations and multipolarity. How can we understand this war as anti-imperialists? What will its global economic consequences be? And what will be the result of the unprecedented sanctions imposed on Russia?

To help make sense of it all, Rania Khalek was joined by Marxist economist Prahbat Patnaik, professor emeritus at JNU and author of “A Theory of Imperialism” and the more recent “Capital and Imperialism: Theory, History, and the Present,” both co-authored with Utsa Patnaik.

TIME CODES
0:00 Intro 2:40 Sanctions as tools of imperialism
7:20 Are sanctions counterproductive for Western hegemony?
12:02 Can Russia survive Western sanctions?
16:04 Global consequences of sanctions on Russia
19:42 How the IMF contributed to the war in Ukraine
31:11 Is Russia an imperialist country?
35:33 Does China stand to benefit?
40:09 Is multipolarity good for the developing world?
42:17 Is resurgent Russian nationalism a problem?
48:29 How serious is the neo-Nazi threat in Ukraine?
51:12 India’s relationship with Russia
53:34 What is de-linking?
57:12 Growth of the global far right

Articles by Prabhat Patnaik that are discussed in the video:

How Countries Are Escaping Sanctions Under Neo-Liberalism:
https://www.newsclick.in/How-Countrie…

How IMF Is Closely Linked With the Ukraine Crisis:
https://www.newsclick.in/how-imf-clos…