BLUF
The application of economic measures against Russia is proving relatively effective in isolating Russia from many global markets—which reduces Russia's ability to buy armaments from foreign sellers.Summary
This article written by Christine McDaniel for Forbes makes these points about economic measures and the Russian economy:
- Sanctions imposed by NATO and EU countries in response to the invasion of Ukraine are slowly strangling the Russian economy.
- Energy is an exception, but European countries are trying to reduce their dependency on Russia.
- Much of Russia's economy is geared toward supporting the war against Ukraine.
- Many highly qualified Russians are trying to flee the country, which will also reduce Russia's economic output.
References
Recent Runway Posts related to this topic:
- Russia’s Looming Economic Collapse – The Runway (airforce.gov.au)
- How to Deal With a Declining Russia – The Runway (airforce.gov.au)
References from the Web :
- OCT 2022 How have sanctions impacted Russia? – Bruegel
- OCT 2022 Don’t be fooled: sanctions really are hurting Russia’s war against Ukraine – The Guardian