Russia's Invasion of Ukraine

I was also one of those surprise that Russia ended up invading. I also didn't think that that would happen. And this war is nowhere near over. Here's something else we seem to have gotten wrong. The expectation of the first year of sanctions was a 10% decline in Russian GDP. But it's only actually ended up being about 2.5, 3%, which is not quite devastating. It's once again another example of how sanctions aren't the silver bullet.

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