Interesting article about the effects of sanctions on Russia.
https://www.investmentmonitor.ai/spe...-hit-sanctions
Quote:
Yale study shows Russian economy has been crippled by business retreats and sanctions
Almost six months on from Russia’s invasion of Ukraine, some Western commentators continue to argue that opposition to Putin has cost the united front dearly, while proving less damaging to the ‘resilient’ Russian economy.
However, new research from the Yale School of Management, more specifically from the team responsible for the widely used list of companies leaving Russia (or staying active in the country), proves that the aforementioned narrative is untrue – rather, a reflection of widely held but factually incorrect misunderstandings over how the Russian economy is actually holding up amid international sanctions and the exodus of more than 1,000 global companies.
The authors of the Yale report state that these misunderstandings are perpetuated by the Kremlin’s economic releases, which have become increasingly rose-tinted and propagandic. They add that Vladimir Putin-selected statistics are then picked up by many “well meaning but careless experts” who create economic assessments that are unrealistically favourable to the Kremlin.
Yale’s recent release, by contrast, brings together a large team of experts that use Russian language and unconventional data sources – such as high-frequency consumer data, cross-channel checks, releases from Russia’s international trade partners and data mining of complex shipping data – to provide a highly comprehensive and authoritative take on the state of the Russian economy. The picture they find is bleak.
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tl:dr - Russian domestic financial markets, as an indicator of both present conditions and future outlook, are the worst performing markets in the entire world in 2022 despite strict capital controls - Yale concludes that, on its current trajectory, Russia is heading for economic oblivion.