When sanctions were enacted against Russia in February of this year, all the forecasts were of an imminent collapse in the Russian economy. A new report looks at why that hasn't happened.
, a Brussels-based economic think tank, points to a number of flaws in the sanctions regime, and several strong points in the Russian defenses.
Many of the sanctions were aimed at inhibiting parts of the Russian economy's ability to do business. Russia's economy is less reliant on imports than most other large, advanced economies and emerging markets, the report notes, but some sectors are highly exposed, especially the manufacturing of transportation equipment, chemicals, food products and IT services. Sanctions did a good job initially ofsuch as parts for manufacturing.
. The surplus for January-September stood at $198.4 billion==roughly $120 billion higher than for the same period in 2021, and more than double the previous record in 2008. Bruegel reckons the rude health of Russia's balance of payments will persist into 2023, as commodity prices are likely to remain high, despite the EU embargo on crude oil and petroleum products and despite Russia's decision to cut natural gas flows to Europe.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
G7 price cap on Russian oil kicks in, Russia will only sell at market priceThe G7 price cap on Russian seaborne oil came into force as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production
Consulte Mais informação »
Ukraine-Russia war: New wave of Russian strikes reported, hitting homes and buildingsRussia on Monday unleashed what Ukraine called a 'massive missile attack' across the country, striking homes and buildings, killing civilians and disrupting electrical power that caused blackouts.
Consulte Mais informação »
Ukraine-Russia war: New wave of Russian strikes reported, hitting homes and buildingsRussia on Monday unleashed what Ukraine called a 'massive missile attack' across the country, striking homes and buildings, killing civilians and disrupting electrical power that caused blackouts.
Consulte Mais informação »
Ukraine-Russia war: New wave of Russian strikes reported, hitting homes and buildingsRussia on Monday unleashed what Ukraine called a 'massive missile attack' across the country, striking homes and buildings, killing civilians and disrupting electrical power that caused blackouts.
Consulte Mais informação »
Ukraine-Russia war: New wave of Russian strikes reported, hitting homes and buildingsRussia on Monday unleashed what Ukraine called a 'massive missile attack' across the country, striking homes and buildings, killing civilians and disrupting electrical power that caused blackouts.
Consulte Mais informação »