Are sanctions on Russia working?
The Real Story
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The Economic Crisis in Russia
Russia has been dealing with sanctions on an incremental basis since two thousand and 14. Had the west imposed all of these current sanctions in one hit russia would have been completely destroyed, bankrupted. But its sanctions have been coming gradually, which means that institutions in russia,. like the central bank and others, have had plenty of time prepared. And even as you say, half the reserves be frozen, but about 200 million dollars of cash was actually held elsewhere in non sanctioning countries.
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