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Have you followed the value of the ruble and the cost on Russian personal income and GDP since the sanctions after the Crimean invasion? They've been highly eff
by DetroitThrow 5y ago
Have you followed the value of the ruble and the cost on Russian personal income and GDP since the sanctions after the Crimean invasion? They've been highly effective by almost all measures, the Russian economy is dependent on European LNG and oil purchasing, and the initial 2022 sanctions have sent the Russian markets spiraling further.
Here's a paper on their effectiveness if you don't believe me, Europe has more than just gas to power its economy - unlike Russia: https://www.jois.eu/files/2_481_Tyll%20et%20al.pdf https://www.jois.eu/files/2_481_Tyll%20et%20al.pdf