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Transcripts for CNN Fareed Zakaria GPS 20240604 14:38:00

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Transcripts for CNN Fareed Zakaria GPS 20240604 17:20:00

and his inner circle. it sounds like you re saying putin is essentially persona non grata, become an international pariah. in that circumstance, for example, should russia s membership in the g20 be suspended in some way? this is what jake sullivan the national security adviser has raised. you were instrumental in making the g20 important after the global financial crisis. should russia be out? well, of course, russian has been thrown out of the g7 which for a brief period of time became the g8 and i think that was the right decision to take. suspension is different from expulsion and of course in circumstances where you cannot work with a country russia is basically on the sidelines in the g20 at the moment, it is not participating. i don t think putin has attended a meeting recently or any of his ministers in-person. i think that s a decision the

Transcripts for CNN Fareed Zakaria GPS 20240604 17:37:00

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Transcripts for CNN Fareed Zakaria GPS 20240604 14:20:00

prime ma fascia case against putin and his inner circle. it sounds like you re saying putin is essentially persona non grata, become an international pariah. in that circumstance, for example, should russia s membership in the g 20 be suspended in some way? this is what jake sullivan the national security adviser has raised. you were instrumental in making the g20 important after the global financial crisis. should russia be out? well, of course, russian has been thrown out of the g7 which for a brief period of time became the g8 and i think that was the right decision to take. suspension is different from expulsion and of course in circumstances where you cannot work with a country russia is space clee on the sidelines in the g20 at the moment, it is not partic participating. i don t think putin has attended a meeting recently or any of his ministers in-person. i think that s a decision the

Transcripts for CNN Fareed Zakaria GPS 20240604 17:55:00

ukraine, but that war has undoubtedly exacerbated those problems, and it is exacerbating the crisis we are seeing. egypt, another country with an impressive recent record of reform and economic growth is the world s largest importer of wheat with 85% of that supply coming from russia and ukraine. the government has devalued its currency and put price controls on bread, but more emergency measures are likely to come. pakistan is in the middle of a political crisis anyway, but the war has made it more likely that the country will default on its debts. in fact, the world bank has noted that over the next year, a dozen developing countries could default on their debt. the largest debt crisis in developing countries in a generation. and as sri lanka vividly shows, these debt problems will turn into political instability very quickly. so when you hear about high energy costs, don t just think about high heating bills in the

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