- Russia’s economy was predicted to collapse after Western countries imposed unprecented sanctions on Moscow over the war in Ukraine.
- The Yale researchers noted how Russia was drawing down the $600 billion in foreign currency reserves that have acted as a cushion for Putin in the first months of the war.
- Pressure is now building for the West to impose so-called secondary sanctions where foreign nationals can be cut off from the international financial system if they do business with Russia.
Is Russia’s economy really hurting? 06.09.2022
