SLD
Contributor
A good article on sanctions and the Russian economy.
Basically they are working, but they are slow and need a lot more time before there are further significant impacts. Putin’s workarounds aren’t that good. Unemployment is far higher than reported. Favoring domestic manufacturing isn’t working, and will result in higher prices and inferior goods. And economic decline is much greater than official statistics. A Russian tank produced and then destroyed by Ukraine technically contributes to GDP, but it’s not helpful.
The Sanctions on Russia Are Working
Slowly but surely, sanctions are weakening Putin.
www.foreignaffairs.com
Basically they are working, but they are slow and need a lot more time before there are further significant impacts. Putin’s workarounds aren’t that good. Unemployment is far higher than reported. Favoring domestic manufacturing isn’t working, and will result in higher prices and inferior goods. And economic decline is much greater than official statistics. A Russian tank produced and then destroyed by Ukraine technically contributes to GDP, but it’s not helpful.