Abstract
The Russian invasion of Ukraine is having profound repercussions for the international system and the global economy. In this conversation, Boris Kagarlitsky, professor at the Moscow School for Social and Economic Sciences and long-standing analyst of Russian society, politics, and the global political economy, discusses the implications of the war on the Russian economy, its financial sector, and the Russian elite. Furthermore, Kagarlitsky analyzes the ongoing crisis of globalization, in particular Western sanctions, rising commodity prices, and the current role of China.