'Complete standstill:' Sanctions leave Russia facing 'economic oblivion'

[Yo_Mama_Been_Loggin]

Western sanctions against Russia for the invasion of Ukraine are doing their job — and decimating the Russian economy, according to a new paper headed up by Jeffrey Sonnenfeld of Yale University.

"The paper's results include sobering facts about the Russian economy," Axios reports. "'Russian imports have largely collapsed,' the paper says — creating massive supply shortages and denying the country crucial parts and technologies."

The exodus of over 1,000 global companies from Russia has severely damaged its economy, the authors argue, and any posturing of strength or resilience by Moscow is not an accurate reflection of what's actually going on. Official data coming out of Russia are not true, they said.

Professor Sam Greene, a British academic in Russian politics and director of the Russia Institute at King's College London, described the effects sanctions are having on the lives of everyday citizens in an interview with TimesRadio on Monday.

https://www.msn.com/en-us/news/world/complete-standstill-sanctions-leave-russia-facing-economic-oblivion/ar-AA102cnS

[Habitation]

1. Best news of the day!

👍

[uponit7771]

2. Putler has needlessly damaged Russia's economy for at least a generation and beyond but Russians

... wont actually start to feel the **FULL** effect for another year or two then year 3 - 4 shit hits the fan REALLY hard.

I believe this is similar to what happened to Russia after they invaded Afghanistan, Gorbechovs openness wasn't because he was feeling saintly

[Baked Potato]

3. Dammit! That's just great!

No, really.

[BlueIdaho]

4. Sanctions should remain

After Russia exits Ukraine. Let them eat rocks.

[Takket]

5. that's a shame

[lpbk2713]

6. I hope most Russians know it was Putin who put their country in the shitter

His propaganda machine keeps telling them otherwise.

[sheshe2]

7. Never forget who voted against Russia sanctions.

Never forget.

Thanks for the OP. Yo_Mama.

[Boomerproud]

8. Let em feel it.

[former9thward]

10. This is a report from the International Monetary Fund which says the complete opposite.

https://www.timesofisrael.com/russia-doing-better-than-expected-despite-sanctions-says-imf/

That is in line with most reports I have read in the international business media. I am skeptical of the report in the OP. If it was true Russia would not be able to pursue its war in Ukraine.

[multigraincracker]

11. I saw this earlier too.

Like reading the Wall Street Journal. Opposing views about the state of our economy side by side.

[Phoenix61]

12. Everything I've read about the war says Russia's ability to

fight ends mod to late September. They don’t have parts to fix anything.