02/07/2022 GMT

Walking the diplomatic tightrope - countries not imposing US-led sanctions have been accused of undermining efforts to cripple Russia's war machine and stop the fighting in Ukraine. China and India are buying record amounts of Russian oil - and other nations from Mexico to South Africa and the United Arab Emirates - are all calling for peace while maintaining business with Moscow. So is there a financial consequence to not taking a side? We hear from a former UK diplomat and advisor to the prime minister, and from a renowned Indian economist with the ear of the Modi government about India's role. We'll also be getting the 101 on global interest rates from a former chief economist at the US Treasury.