Bermuda Post

Monday, Jul 04, 2022

How is Russia's economy performing under Western sanctions?

Western nations imposed some of their strongest ever sanctions on Russia as punishment for invading Ukraine. The measures were meant to cripple its economy.
But the Ruble is trading at a two-year high against the U.S. dollar, and revenues from energy exports are up.
Still, the International Monetary Fund expects the economy to shrink by 8.5 percent this year.

So what is the real picture?
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