Russia's economy in for a bumpy ride as sanctions bite
Four months after Russia invaded Ukraine, the economy still works but it lacks some of its parts.
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Four months after Russia invaded Ukraine, the economy still works but it lacks some of its parts.
Effectively what the government has had to do is use its resources not for developing the economy offer big infrastructure projects or the development plans they have talked about, it is now using the money available to kinder provide employment subsidy, to make social payments, to keep the country stable as well as of course fund the conflict in ukraine. so the real impact is more in terms of russia's future development. the economy is now stagnant, it will not fall into crisis but it is not going to grow or expand either. thank you, chris from macro advisory speaking to us from moscow. stayi...
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From: Inside StoryThe UN is warning of a 'perfect storm' of crises for developing countries as Russia's invasion of Ukraine has upended the flow of fo
UN warns of a ‘perfect storm’ of crises for developing countries.