Sanctions have had a disastrous impact on the Russian economy with the country headed for “economic oblivion”, a study by Yale University has found, despite Moscow’s efforts to downplay the repercussions of the invasion of Ukraine.
Although President Putin’s government had raked in billions of dollars from energy sales at inflated prices since the invasion on February 24, indicators from other sectors suggested much domestic economic activity had ground to a halt, the study found. The exodus of international business and a slump in exports belie the claims that its economy remains robust and is winning the “war of economic attrition”.
Experts at the Yale School of Management used consumer data from Russia’s international trade and shipping partners to measure economic activity five months after
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2022-08-03 23:01:00Z
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