BLEAK ASSESSMENTS OF RUSSIAN ECONOMY CONTRADICT PUTIN’S ROSY CLAIMS Russia’s central bank chief warned on Monday that the consequences of Western sanctions were only beginning to be felt, and Moscow’
BLEAK ASSESSMENTS OF RUSSIAN ECONOMY CONTRADICT PUTIN’S ROSY CLAIMS Russia’s central bank chief warned on Monday that the consequences of Western sanctions were only beginning to be felt, and Moscow’
BLEAK ASSESSMENTS OF RUSSIAN ECONOMY CONTRADICT PUTIN’S ROSY CLAIMS
Russia’s central bank chief warned on Monday that the consequences of Western sanctions were only beginning to be felt, and Moscow’s mayor warned that 200,000 jobs were at risk in the Russian capital alone, stark acknowledgments that undermined President Vladimir V. Putin’s contention that sanctions had failed to destabilize the Russian economy.
The diverging assessments showed how the impact of the West’s sanctions in response to Russia’s invasion of Ukraine — and their ability to weaken Mr. Putin’s grip on power — remains uncertain nearly two months into the war.
While experts say Russia faces an economic time bomb as its inventory of imported goods and parts runs low, Mr. Putin is using the fact that the Russian economy has not yet collapsed to bolster his contention that sanctions will not deter him.
