Wall Street Journal: “As the conflict continues into its second 12 months and Western sanctions chunk tougher, Russia’s authorities income is being squeezed and its economic system has shifted to a lower-growth trajectory, seemingly for the long run.”
“The nation’s greatest exports, gasoline and oil, have misplaced main prospects. Government funds are strained. The ruble is down over 20% since November towards the greenback. The labor drive has shrunk as younger persons are despatched to the entrance or flee the nation over fears of being drafted. Uncertainty has curbed enterprise funding.”
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