4min chapter

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The real state of the Russian economy

Business Daily

CHAPTER

Russian Military Defense Complex Is in a Recession, Not a Battlefield?

Sergey Guriev is a Russian economist who was once an advisor to Vladimir Putin's finance ministry. He says the chaotic war effort and wider economic travails are all connected. Russia, since March, has been facing some of the broadest and most crushing economic sanctions ever applied against a developed economy. But for regular shoppers like him, life in Russia does still seem pretty normal.

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