
Are sanctions on Russia working?
The Real Story
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Is Russia Adapted to the War With Ukraine?
The transition to a new and lower level of technology is happening slowly. The substitution happens industry by industry, ofvios. Similar transitions going happenn another industry like oil extraction. And so in this sense, sanctions do have a very dramatic long term effect. It jus does not manifest itself as a sharp crisis with a no v shaped recovery. it manifests a slow, gradual adaptation to a new technological level.
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