Russia’s isolation from global markets is withering its economy and will wreck its status as an energy superpower, experts say

Russia’s isolation from the west is a disaster for the long-term health of its economy, experts told Insider. Trade isolation limits what Russia can import, making production more expensive. Russia’s situation will also greatly decrease its status as an energy superpower, experts said. The country recorded $1.78 trillion GDP in 2021, down from $2.06 trillion seven years earlier, according to the International Monetary Fund. Russia has been quietly recording its losses since the war in Ukraine, but internal documents show it has incurred billions in “losses”

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