Prospects for Russia’s Sanctions-Bruised Economy Are Dim

Prospects for Russia’s Sanctions-Bruised Economy Are Dim

(Bloomberg) -- Sanctions may have knocked as much as 6 percent off Russia’s economy over the past four years and the drag isn’t likely to go away anytime soon. Research by Bloomberg Economics has found that the economy of the world’s biggest energy exporter is more than 10 percent smaller compared with what might have been expected at the end of 2013, before the Crimea crisis triggered wave after wave of restrictions by the U.S. and EU. While some of the blame falls on the slump in oil prices, sanctions are the bigger culprit.

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