Bank of Russia Ponomaryov

For Whom The Bell Tolls, Really The Impact Of The Sanctions Against Russia

For Whom The Bell Tolls, Really The Impact Of The Sanctions Against Russia by Dr. Dan Steinbock, Difference Group
The sanctions against Russia are working; but not for Russia, Ukraine, the EU, or even the US.

In the 2nd quarter, Russia’s GDP contracted 4.6 percent from a year earlier, following a 2.2 percent contraction in the 1st quarter. A severe contraction was expected after the selloff in oil, currency crisis and the consequent plunge of consumer demand. But the plunge was worse than anticipated and . . .

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