Posted on Dec 28, 2022
Russia's economy is still working but sanctions are starting to have an effect
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https://www.npr.org/2022/12/27/ [login to see] /russia-sanctions-ukraine-war
In the past year, the United States and many of its allies have slapped a massive level of sanctions on Russia over its invasion of Ukraine.
Prominent Russians, including oligarchs and officials close to Russian President Vladimir Putin, as well as the country's banking, energy and manufacturing sectors and access to global trade have all been targeted.
Yet despite the sanctions — considered unprecedented in terms of scope, speed and coordination — Russia's economy is still functioning, and the Kremlin is still waging war against Ukraine. That's led to questions about whether the sanctions are effective. Though they may not have wrought the kind of economic turmoil in Russia initially predicted, analysts say these measures are causing damage and could have deeper impact going forward.
In the past year, the United States and many of its allies have slapped a massive level of sanctions on Russia over its invasion of Ukraine.
Prominent Russians, including oligarchs and officials close to Russian President Vladimir Putin, as well as the country's banking, energy and manufacturing sectors and access to global trade have all been targeted.
Yet despite the sanctions — considered unprecedented in terms of scope, speed and coordination — Russia's economy is still functioning, and the Kremlin is still waging war against Ukraine. That's led to questions about whether the sanctions are effective. Though they may not have wrought the kind of economic turmoil in Russia initially predicted, analysts say these measures are causing damage and could have deeper impact going forward.
Russia's economy is still working but sanctions are starting to have an effect
Posted from npr.org
Economics
Russia
Ukraine
Posted 2 y ago
Responses: 3
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The impact was over estimated however if things continue as they have….. the effect should increase. It’s been a slow leak not a busted pipe as speculated.
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LTC Eugene Chu
Using your analogy...
Putin regime put temporary patches on busted pipe (e.g. currency manipulation, interest rate hikes, etc.), but small leaks are getting through (e.g. GDP decline, etc.). We shall see how long the patches hold before economic pipe has major leak.
Putin regime put temporary patches on busted pipe (e.g. currency manipulation, interest rate hikes, etc.), but small leaks are getting through (e.g. GDP decline, etc.). We shall see how long the patches hold before economic pipe has major leak.
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SGT Gerald “Jerry” Harrell
You got me LTC Eugene Chu I tend to use analogies quite often lol. I spent 27 years as a crash Reconstructionist Trying to explain the physics of car crashes to, often times, many people on a jury who have no background in it. The problem is that when you do that to people who are versed in a topic…. You can seem condescending or that you have a higher opinion of yourself.
That said…. Let’s hope the leak is sooner than later.
That said…. Let’s hope the leak is sooner than later.
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Good article. Russian economy is stable for now, but showing signs of stagnation. If Putin regime cannot get access to investment money, technological upgrades or repair parts, it will slowly crumble.
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