US EditionRussia’s Economy Slows as Sanctions Bite
4 Articles
4 Articles
Russia’s economy slows as sanctions bite
Russia’s central bank downgraded the country’s growth forecast and lowered a key interest rate, further signs of weakening in the war-weathered economy facing high inflation and international sanctions. Though high inflation would normally lead to raising interest rates to reduce it, the bank wants to make it cheaper to borrow — even if that ultimately drives inflation further up — because Moscow needs high industrial output to produce arms for …
The new US sanctions will hardly harm Russia, says economist Dmitri Nekrasov. The West underestimates how stable the Russian economy is still.
When it comes to war, most imagine tanks, missiles, and soldiers.But the 21st century redefined the way to attack: today, economic sanctions weigh more than bullets.And Russia is the perfect example of how a military power can be cornered without anyone firing a single shot.Since 2022, after invading Ukraine, Vladimir Putin's government has faced an avalanche of sanctions from the United States, the European Union and more than 40 allied countri…
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