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Sanctions have been effective at crippling the Russian economy. That's the conclusion of a new 118-page paper from Yale's Jeffrey Sonnenfeld and 18 co-authors.
What they found: The paper's results include sobering facts about the Russian economy.
"Russian imports have largely collapsed," the paper says — creating massive supply shortages and denying the country crucial parts and technologies.
"Russian domestic production has come to a complete standstill."
Foreign companies that have left Russia account for 40% of Russian GDP, the author wrote, almost none of which is going to come back any time soon.
The conclusion: "Looking ahead, there is no path out of economic oblivion for Russia as long as the allied countries remain unified in maintaining and increasing sanctions pressure."
https://www.axios.com/2022/07/26/russia-sanctions-economic-impact
What they found: The paper's results include sobering facts about the Russian economy.
"Russian imports have largely collapsed," the paper says — creating massive supply shortages and denying the country crucial parts and technologies.
"Russian domestic production has come to a complete standstill."
Foreign companies that have left Russia account for 40% of Russian GDP, the author wrote, almost none of which is going to come back any time soon.
The conclusion: "Looking ahead, there is no path out of economic oblivion for Russia as long as the allied countries remain unified in maintaining and increasing sanctions pressure."
https://www.axios.com/2022/07/26/russia-sanctions-economic-impact
