Sanctions have huge toll on Russian economy: report

Sanctions have huge toll on Russian economy: report

This post was originally published on this site The Russian economy has been deeply damaged by sanctions and the exit of international business since the country invaded Ukraine, according to a new report by Yale University business experts and economists. Even though Moscow has been able to pull in billions...

Read more
Putin’s Regime is being crushed by Western Sanctions  with no path out of economic oblivion

Putin’s Regime is being crushed by Western Sanctions with no path out of economic oblivion

This post was originally published on this site On Tuesday, Axios reported that a new paper headed up by Jeffrey Sonnenfeld of Yale University suggests Western sanctions against Russia for the invasion of Ukraine are doing their job — and decimating the Russian economy. “The paper’s results include sobering facts...

Read more
Russia Cuts Interest Rate as Financial System Stabilizes

Russia Cuts Interest Rate as Financial System Stabilizes

This post was originally published on this siteRussia’s central bank cut its key interest rate following an unscheduled meeting of policy makers, a sign that efforts to stabilize the country’s financial system are having an effect.

Read more
Inflation in Russia hits 7-yr high, prices jump 10 percent in year-to-date

Inflation in Russia hits 7-yr high, prices jump 10 percent in year-to-date

This post was originally published on this site (Reuters) -Annual inflation in Russia accelerated to 16.70% as of April 1, its highest since March 2015 and up from 15.66% a week earlier, the economy ministry said on Wednesday, as the volatile rouble sent prices soaring amid unprecedented Western sanctions. Inflation...

Read more
Despite Western sanctions, Russian ruble and banks are recovering

Despite Western sanctions, Russian ruble and banks are recovering

This post was originally published on this siteAfter tumbling from the shock of sanctions, the Russian ruble has recovered nearly all its value, thanks to oil and natural gas sales.

Read more
The Russian economy is headed for collapse

The Russian economy is headed for collapse

This post was originally published on this site To justify invading Ukraine, Vladimir Putin has painted Russia as a hegemonic power re-asserting its rightful claim to imperial greatness. Yet even before the invasion, Russia’s economic capabilities were hardly capable of sustaining an empire. Now, with foreign sanctions presiding over a...

Read more