Researcher: "Russia’s economy faces death by a thousand cuts. Western sanctions have failed to cripple Putin, but the damage will only grow over time." ( www.telegraph.co.uk )

Cross-posted from: https://feddit.de/post/9439113

"It seems likely that the damage to Russia’s productive capacity from the loss of western technology and key supplies will increase over time," writes independent economist Roger Bootle.

"Moreover, the medium-term outlook for its supply capacity has been severely dented by the loss of so many soldiers in the Ukraine war – and more importantly, by the exodus of so many well-qualified young people who wished to escape both the Putin regime and the prospect of call-up."

mathemachristian ,

Absolute copium. Incredible.

TheGrandNagus ,

The idea that economic effects compound over time isn't copium, though.

If you lose 1 or 2% of your expected economic growth in a year, it's not too bad. Over the course of 10, 15, 20, 30 years, though? That's a lot of lost money.

But if your point is that not enough economic damage has been caused to Russia, then on that I agree. Fuck any company still trading with them. The EU is the world's largest single market, they have clout, it's about time they start using it more.

taladar ,

More importantly if you lose the ability to buy something for a month that isn't so bad since most things you bought before will probably last another month, but if you lose it for two years we have a different story.

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