After Russia began its invasion of Ukraine, western allies including the US and EU have imposed crippling sanctions which could devastate the Russian economy. The hardest hit sector will be the financial sector. Sberbank, which is the country’s largest bank, has lost ~99% of its stock market value and its European subsidiary is already in the process of being liquidated. In this video we’ll look at Sbebank’s situation, what its failure would mean for the Russian economy, and whether it could trigger a global financial crisis.