Monday, February 28, 2022

How Russia Has Destroyed Its Economy, in Six Charts

 https://www.newsweek.com/how-russia-destroyed-its-economy-six-charts-putin-zelensky-ukraine-1683170

Russia is currently facing the most punitive financial measures and sanctions ever imposed on a country in the modern financial system.

The invasion of Ukraine has prompted a severe political backlash and international condemnation, combined with an exclusion from markets that will, if it persists, have a hugely harmful effect on the Russian economy.

Whether President Putin sees the economic hardship as a price worth paying for the annexation of Ukraine remains to be seen.

1 comment :

  1. I suspect Putin was hoping for a 48 hr blitzkreig victory with the replacement of the government and the placing of stooges in their places ending it cheaply and quickly. Oops.

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