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Wartime Sanctions: What is their effect on the Russian economy? Explained
Posted
September 19, 2023
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9:59Now PlayingWhen Russia launched the full-scale invasion of Ukraine in 2022, many countries around the world were quick to unroll unprecedented economic sanctions, targeting Russian oil and gas exports, government officials as well as big businesses. It would appear that these measures were taken in hopes of crashing the country’s economy so that it would not be able to afford prolonging the war. However, 18 months later, the Russian economy is not in critical condition, meanwhile the rest of the world felt the effects of sanctions on Russia, for example, in rising energy prices. In this explainer video we will cover the real influence that the sanctions had on the Russian economy so far, the goals of imposing them, and their future potential.
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