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Business Retreats and Sanctions are Crippling the Russian Economy

Jeffrey A. SonnenfeldSteven TianFranck SokolowskiMichal Wyrebkowski

其他書名	Measures of Current Economic Activity and Economic Outlook Point to Devastating Impact on Russia
出版	Yale Chief Executive Leadership Institute, 2022
URL	http://books.google.com.hk/books?id=ax5PzwEACAAJ&hl=&source=gbs_api

註釋As the Russian invasion of Ukraine enters into its fifth month, a common narrative has emerged that the unity of the world in standing up to Russia has somehow devolved into a "war of economic attrition which is taking its toll on the west", given the supposed "resilience" and even "prosperity" of the Russian economy. This is simply untrue - and a reflection of widely held but factually incorrect misunderstandings over how the Russian economy is actually holding up amidst the exodus of over 1,000 global companies and international sanctions. From our analysis, it becomes clear: business retreats and sanctions are catastrophically crippling the Russian economy. We tackle a wide range of common misperceptions - and shed light on what is actually going on inside Russia. 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 against Russia. Defeatist headlines arguing that Russia's economy has bounced back are simply not factual - the facts are that, by any metric and on any level, the Russian economy is reeling, and now is not the time to step on the brakes