Sanctions-makers have fallen into a “big country trap,” economists say Western sanctions have failed to sink the Russian economy due to a “big country trap” effect, a recent study by the Institute of Economics of the Russian Academy of Sciences has found. If a state is a major player on the global market – like Russia – the imposition of restrictions on its exports will inevitably backfire, leading to a surge in global prices, the researchers noted, referring to the Western embargo on Russian seaborne oil supplies. The sanctions on Russian oil introduced by the G7 and EU late last year were conceived as a means to
Hence then, the article about west seriously underestimated russia s economic clout report was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( West ‘seriously underestimated’ Russia’s economic clout – report )