Sanctions have big toll on Russian financial system, report reveals

The Russian financial system has been deeply broken by sanctions and the exit of worldwide enterprise for the reason that nation invaded Ukraine, in keeping with a brand new report by Yale College enterprise specialists and economists.

Though Moscow has been in a position to pull in billions of {dollars} from continued vitality gross sales at elevated costs, largely unpublished information reveals that a lot of its home financial exercise has stalled for the reason that February 24 invasion, in keeping with the report launched in late July.

“The findings of our complete financial evaluation of Russia are highly effective and indeniable: Not solely have sanctions and the enterprise retreat labored, they’ve totally crippled the Russian financial system at…

Carry on studying: Sanctions have huge toll on Russian economy, report shows

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