US report pointedxo walletout Sanctions put Russia's economy on a 15-year recession
The AFP news agency reported that The war in Ukraine continues. along with the economic impact on Russia and the world. According to the International Financial Institutions (IIF) report released on June 8, it was predicted that Russian sanctions over Ukraine war As a result, Russia's economic recession goes back more than 10 years and good relations with the West have deteriorated 30 years, but IIF economists warn that. Such effects are also changeable. Due to the increasing sanctions and Russia may retaliate. especially in energy
IIF economist Elina Ribakova said: The damage could cost President Vladimir Putin more money to continue the war. Because boycotting is not like turning on and off a switch.
from the analysis of the IIF Russia's economy is forecast to shrink 15 percent this year and another 3% in 2023, meaning it has undermined Russia's economic profits over the past 15 years.
Economic sanctions, which include cutting the ability to repay foreign debt Rising product prices and divestitures of foreign companies have slowed domestic demand. This reduces short-term, medium-term and long-term economic opportunities. It also undermines 30 years of investment ties and connections with Europe.
IIF Executive Vice President Clay Lowery said: Determining whether the boycott was successful It depends on how the government has set the goals. If the goal is to destroy the economy Of course, it's starting to have an impact now. And it is likely that the impact will continue to increase as well.
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