Russian President Vladimir Putin continues to claim that Western sanctions over the Ukraine war haven’t dented Russia’s economy. Here is our factCheck:
A team of 42 researchers with Yale's Chief Executive Leadership Institute, including some in Russia and Eurasia, reviewed Putin’s responses to sanctions and didn’t give them a high grade, according to highlights:
“As a result of the business retreat, Russia has lost companies representing ~40% of its GDP [gross domestic product]. An assessment by Reuters in late August for the six-month anniversary of Russia’s war on Ukraine found that the ruble had partly recovered from an initial, post-invasion collapse, and that inflation had lessened, as Putin noted in his remarks at Vladivostok.
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