Commentators were over-optimistic in believing that sanctions would immediately cause a large fall in economic activity in Russia and thereby halt the aggression against Ukraine. But despite the revised forecasts and outcomes, sanctions have had a significant impact on the Russian economy, says Richard Disney, in the first of two blog posts on the effects of sanctions on Russia's economy.

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26 April 2023

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Economics Observatory

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https://www.economicsobservatory.com/how-have-the-forecasts-on-the-effects-of-sanctions-on-russia-held-up-a-year-on

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