Russia says its economy did better than expected, one year into the Ukraine war. But experts say there's a red flag behind the announcement.
It should also be noted that Russia has been sanction-proofing itself since 2014 when it was also hit with a raft of trade restrictions after
from Ukraine, giving the country some space to adjust to the increasingly intense trade restrictions from the international community in 2022.But Russia's economic resilience may not last another year as the European Union closes in on itsThis latest package of sanctions include export bans for goods to Russia, including items such as antennas and cranes meant for the construction sector that could be redirected to Russia's military.
"Russia has become an economic afterthought and a deflated world power," wrote Jeffrey Sonnenfeld, a professor at the Yale's management school, and Steven Tian, the director of research at the Yale Chief Executive Leadership Institute, in a"Tightening these screws will help improve the chances that before this time next year, Russia will realize it does not need Putin, just as the world has already realized it does not need Russia," they added in the commentary which was...
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