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"The West’s $1 Trillion Bid To Collapse Russia’s Economy'
by Epic Economist
"Seven months have passed since the Russian invasion of Ukraine. The United States along with its European allies has so far slapped more than 11,000 coordinated Sanctions on Russia. Economic experts agree that Russia is wounded, but despite the embargos Putin’s aggression only escalates. Ukraine remains under siege and the economic sanctions are bleeding many unintended victims.
The answer to whether the Sanctions work or not is certainly subjective. However, the one indicator of failure is that even after months of sanctions, Russia is keeping the war going.
What the West really wanted was to take away Moscow's ability to finance the war. However, Putin remains dedicated to his war and even announced the annexation of Donbas - an area that makes up 18% of Ukraine's total land and is home to 6 million people.
Even the early passionate Ukraine supporters and backers aren't as confident now. Elon Musk for example, recently invited a Twitter war over his controversial comments urging Ukraine to be neutral and suggesting that they should let Russia have the annexed Territories. Any Impact desired from the sanctions will be gradual, however, the Suffering of the War is immediate and not just for its direct victims but for millions of unintended victims around the world.
An economic winter was predicted with hopes that the Russian economy will shrink by more than 15%. A fortified currency isn't always an indicator of a functioning economy but other markers show why the Russian Collapse hasn't happened at the pace it was predicted.
Unemployment hasn’t shown a noticeable surge and 7 months later, Moscow's restaurants and bars remain busy as ever. Grocery shelves are stocked, and shopping malls are filled with people. The International Monetary Fund has revisited its initial gloomy forecasts and now thinks that Russia's economy will contract by just over 4 percent.
What the West really wanted was to take away Moscow's ability to finance the war. However, Putin remains dedicated to his war and even announced the annexation of Donbas - an area that makes up 18% of Ukraine's total land and is home to 6 million people. Even the early passionate Ukraine supporters and backers aren't as confident now. Elon Musk for example, recently invited a Twitter war over his controversial comments urging Ukraine to be neutral and suggesting that they should let Russia have the annexed Territories."
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