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Can Europe's Economy Handle Russian Sanctions? | Frances Coppola
Forward Guidance
The US Embargo on Russian Energy and Gas Will Hurt the Russian Economy
estimates are predicting a recession in Russia, collapse of foreign GDP off the order of 10%. I think the damage to the Russian economy is going to be significant. But until we have a comprehensive ban on sales of oil and gas to the West, it's not going to hurt as much as it needs to. And there's also the question of to what extent Russia can divert its sales to China. There's some issues there with physical transfer. We don't know.
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