For two years politicians and analysts have offered grim forecasts that never seem to materialize Ever since Russia’s military operation against Ukraine began in February of 2022, there has been a steady flow of predictions from Western politicians, analysts, and commentators about the impending demise of the Russian economy. In fact, the prognosticating started even before those fateful days in February. A few weeks prior, when the Russian troop buildup on the border with Ukraine was eliciting a palpable anxiety in the halls of finance, I remember meeting an expat Western financial analyst in Moscow. “If Russia ‘
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