Alexandra Prokopenko: How Sanctions Have Changed Russian Economic Policy

Published by
The Moscow Times

The Kremlin has been breaking a lot of records lately, and not in a good way. One dubious title is that of the most sanctioned country: since its full-scale invasion of Ukraine last year, Russia has become subject to more than 13,000 restrictions. That’s more than Iran, Cuba, and North Korea combined. Still, Russian GDP fell just 2.1%in 2022, and is forecast by even the cautious International Monetary Fund (IMF) to grow in 2023 — unlike the UK economy, for example. This allows the Kremlin to claim that sanctions are ineffective, but there is a qualitative as well as quantitative effect. Sancti…

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