A new study looked into the severe hit being absorbed by Russian GDP amid wartime sanctions from the West.

Businesses are leaving Russia in droves, and foreign companies that have left previously accounted for 40% of GDP, the authors wrote.

"There is no path out of economic oblivion for Russia as long as the allied countries remain unified in maintaining and increasing sanctions pressure."

Western sanctions are weighing on the Russian economy as the war in Ukraine enters its fifth month, and the country's sinking GDP makes a full economic recovery difficult to envision, according to a new study by Yale academics including Jeffrey Sonnenfeld.

The exodus of over 1,000 global companies from Russia has severely damaged its economy, the authors argue, and any posturing of strength or resilience by Moscow is not an accurate reflection of what's actually going on. Official data coming out of Russia are not true, they said.

"From our analysis, it becomes clear: business retreats and sanctions are catastrophically crippling the Russian economy," the authors wrote.

Forty percent of Russia's GDP is now gone thanks to foreign companies leaving Russia, and almost none of them are set to return soon. That represents a reversal of roughly three decades' worth of foreign investment and capital.

Russia so far has published statistics that suggest strong oil and gas revenues have been able to stave off the drag of sanctions, though the study says otherwise. The Kremlin has had to rely on unsustainable and artifical capital controls to smooth over the economic weaknesses, the authors said.

"Russian domestic production has come to a complete standstill," the authors said, adding that Russian imports have "largely collapsed."

Meanwhile, Russia has been increasingly cutting off the tap for European natural gas via the Nord Stream 1 pipeline. But, according to the study, Russia needs Europe as an energy customer to a greater degree than Europe needs Russian natural gas.

Ultimately, the warring nation has little hope for an economic recovery, the researchers said.

In their words: "Looking ahead, there is no path out of economic oblivion for Russia as long as the allied countries remain unified in maintaining and increasing sanctions pressure."
https://uk.finance.yahoo.com/news/russia-faces-economic-oblivion-western-135552799.html

Russia has clearly bitten more than it can chew, Putin's ego and hubris won't let him end this senseless war

It is the west that we'll cry, Russia can start massive Russian_africa tech and knowledge exchange and trade.
Let's see who needs who more.


Abeg let us make money in Africa below on my signature

Mamaafrik1:
It is the west that we'll cry, Russia can start massive Russian_africa tech and knowledge exchange and trade.
Let's see who needs who more.


Abeg let us make money in Africa below on my signature

Which Africa are you talking about? What is their purchasing power for those that would agree to work with Russia?

God1000:
Russia has clearly bitten more than it can chew, Putin's ego and hubris won't let him end this senseless war

The IMF recently said Russia is doing MORE than expected despite the sanctions and have even said Russia's GPD is likely to shoot up by 2.6 https://www.euractiv.com/section/global-europe/news/russia-doing-better-than-expected-despite-sanctions-imf/

You and the dumb OP should cry harder

1gbofam wannabe your crap news no get source….

Even the West don Dey regret say dem sanction Russia, you might not sabi what’s up yet cos dem never start to Dey feel am in Enugu wey you Dey….

Mamaafrik1:
It is the west that we'll cry, Russia can start massive Russian_africa tech and knowledge exchange and trade.
Let's see who needs who more.


Abeg let us make money in Africa below on my signature

people are opening accounts in Russia o I dont know why seems its because of their currency spike

Igbofam rest
The Russian Ruble has quadrupled since they invaded Ukraine

VeryWickedMan:
Igbofam rest
The Russian Ruble has quadrupled since they invaded Ukraine

Who is igboafam? What has the manipulatted ablnd controlled currency got to do with dwindling GDP?

I encourage everyone to always ignore this BritishNaija guy!!! The guy, igbofam, nsiba and one opolopoopolonio are all bot programmed to spread falsehood!!! Just a point to show you he is peddling lies, how many companies are there in Russia that a thousand foreign companies would have left Russia by now?? Mumu nor good ooo!! Tufia!!

For every company that has left Russia has nationalized it asap!! No protest about the hike in price of commodities has happened in Russia which according to this study is suffering economic downturn, but Italy, Spain, Estonia and co are having rugged protests .. I rest my case!!!

This is purely fake news abeg

Onigawara:


The IMF recently said Russia is doing MORE than expected despite the sanctions and have even said Russia's GPD is likely to shoot up by 2.6 https://www.euractiv.com/section/global-europe/news/russia-doing-better-than-expected-despite-sanctions-imf/

You and the dumb OP should cry harder

That one na auto-comment!! Once BritishNaija drop rubbish he go first even seun comment..

Abeg ignore am oo

DerrickzB:
I encourage everyone to always ignore this BritishNaija guy!!! The guy, igbofam, nsiba and one opolopoopolonio are all bot programmed to spread falsehood!!! Just a point to show you he is peddling lies, how many companies are there in Russia that a thousand foreign companies would have left Russia by now?? Mumu nor good ooo!! Tufia!!

For every company that has left Russia has nationalized it asap!! No protest about the hike in price of commodities has happened in Russia which according to this study is suffering economic downturn, but Italy, Spain, Estonia and co are having rugged protests .. I rest my case!!!

This is purely fake news abeg

You Are one funny fella that do not know the index amount of foreign companies that is in russia. I won't be the one to spoonfed you that.
You want to see Protest in russian in the media when Russia Goverment now control the media? Be my gues! Wait till i show you that of North Korea too.

BritishNaija:


You Are one funny fella that do not know the index amount of foreign companies that is in russia. I won't be the one to spoonfed you that.
You want to see Protest in russian in the media when Russia Goverment now control the media? Be my gues! Wait till i show you that of North Korea too.

All fake!!! Upload the protest in Italy, Spain, Estonia and co first!! I know your clique!!

Una no dey ever talk truth!!! The propaganda is being bursted and hence you and your cohorts posts have become almost invisible!! If Russia have a thousand foreign companies then how are they so self sufficient?? Bro please calm down

DerrickzB:


All fake!!! Upload the protest in Italy, Spain, Estonia and co first!! I know your clique!!

Una no dey ever talk truth!!! The propaganda is being bursted and hence you and your cohorts posts have become almost invisible!! If Russia have a thousand foreign companies then how are they so self sufficient?? Bro please calm down

What is fake? And What is my business with the countries your mentioned? Focus is on Ukraine and Russia.

DerrickzB:


All fake!!! Upload the protest in Italy, Spain, Estonia and co first!! I know your clique!!

Una no dey ever talk truth!!! The propaganda is being bursted and hence you and your cohorts posts have become almost invisible!! If Russia have a thousand foreign companies then how are they so self sufficient?? Bro please calm down

bro, kindly ignore the dingbat….

God1000:
Russia has clearly bitten more than it can chew, Putin's ego and hubris won't let him end this senseless war

Your mumu na inside your mama you jam am, Russia just signed another $40b oil deal with Iran last week while west suffer energy shortage

BritishNaija:


You Are one funny fella that do not know the index amount of foreign companies that is in russia. I won't be the one to spoonfed you that.
You want to see Protest in russian in the media when Russia Goverment now control the media? Be my gues! Wait till i show you that of North Korea too.

Ogbeni shut up,u just Mumu die, no single company as left Russia without them nationalizing and continuing business themselves,even macdonald was bought by a Russian and Thier entire 800 shops there,in fact the man has started building additional 200 stores and expanding business. Gdp ko, idiot say 40% gdp of Russia a country whose main export sef barely account for 40% was wiped off because of Netflix and a bunch of sissies that paused operation still living full merchandise in Russia o. You dense no be small

Onigawara:


The IMF recently said Russia is doing MORE than expected despite the sanctions and have even said Russia's GPD is likely to shoot up by 2.6 https://www.euractiv.com/section/global-europe/news/russia-doing-better-than-expected-despite-sanctions-imf/

You and the dumb OP should cry harder

U ARE THE ONE CRYING �

VeryWickedMan:
Igbofam rest
The Russian Ruble has quadrupled since they invaded Ukraine

Soo currency value means economic strength .

Why not tell us that kuwait economy is the best in the world

It's only brain dead putards who would believe that the western sanctions are really improving the Russian economy.

Op and his fellow brainwashed supporters are clueless about the current situation

The west is suffering the most

Infact Germany economy is about to crash

No need for propaganda again BBC CNN has started reporting it a matter of time to see who is telling the truth

Winter is not far

BritishNaija:

A new study looked into the severe hit being absorbed by Russian GDP amid wartime sanctions from the West.

Businesses are leaving Russia in droves, and foreign companies that have left previously accounted for 40% of GDP, the authors wrote.

"There is no path out of economic oblivion for Russia as long as the allied countries remain unified in maintaining and increasing sanctions pressure."

Western sanctions are weighing on the Russian economy as the war in Ukraine enters its fifth month, and the country's sinking GDP makes a full economic recovery difficult to envision, according to a new study by Yale academics including Jeffrey Sonnenfeld.

The exodus of over 1,000 global companies from Russia has severely damaged its economy, the authors argue, and any posturing of strength or resilience by Moscow is not an accurate reflection of what's actually going on. Official data coming out of Russia are not true, they said.

"From our analysis, it becomes clear: business retreats and sanctions are catastrophically crippling the Russian economy," the authors wrote.

Forty percent of Russia's GDP is now gone thanks to foreign companies leaving Russia, and almost none of them are set to return soon. That represents a reversal of roughly three decades' worth of foreign investment and capital.

Russia so far has published statistics that suggest strong oil and gas revenues have been able to stave off the drag of sanctions, though the study says otherwise. The Kremlin has had to rely on unsustainable and artifical capital controls to smooth over the economic weaknesses, the authors said.

"Russian domestic production has come to a complete standstill," the authors said, adding that Russian imports have "largely collapsed."

Meanwhile, Russia has been increasingly cutting off the tap for European natural gas via the Nord Stream 1 pipeline. But, according to the study, Russia needs Europe as an energy customer to a greater degree than Europe needs Russian natural gas.

Ultimately, the warring nation has little hope for an economic recovery, the researchers said.

In their words: "Looking ahead, there is no path out of economic oblivion for Russia as long as the allied countries remain unified in maintaining and increasing sanctions pressure."
https://uk.finance.yahoo.com/news/russia-faces-economic-oblivion-western-135552799.html

The same weat agreeing to lift some sanctions, to aid them

The west lost

Ishitinyourlife:

Your mumu na inside your mama you jam am, Russia just signed another $40b oil deal with Iran last week while west suffer energy shortage

Ignore that one ooo!! Na mumu full him belle as you see am so!!

ken6488:
The same weat agreeing to lift some sanctions, to aid them

The west lost

They have already agreed to impose another sanction. Thos is just the more you look, the less you see.

Ishitinyourlife:

Ogbeni shut up,u just Mumu die, no single company as left Russia without them nationalizing and continuing business themselves,even macdonald was bought by a Russian and Thier entire 800 shops there,in fact the man has started building additional 200 stores and expanding business. Gdp ko, idiot say 40% gdp of Russia a country whose main export sef barely account for 40% was wiped off because of Netflix and a bunch of sissies that paused operation still living full merchandise in Russia o. You dense no be small

A fool with No knowledge is Very easy to spot, What you wrote above shows that, the matter at hand is above your brain capacity, you should go and be watching cartoons for children.

BritishNaija:


They have already agreed to impose another sanction. Thos is just the more you look, the less you see.

Which sanction? The west themselves said they have exhausted all sanctions. Why are they lifting some sanctions?

IMF: Russia doing better than expected despite sanctions.

International Monetary Fund Chief Economist Pierre-Olivier Gourinchas told AFP in an interview that higher energy prices are keeping Russia afloat despite Western sanctions.

BritishNaija:


A fool with No knowledge is Very easy to spot, What you wrote above shows that, the matter at hand is above your brain capacity, you should go and be watching cartoons for children.

Mumu be your middle name, we Sabi u Wella for here na

RikudoSennin:


Which sanction? The west themselves said they have exhausted all sanctions. Why are they lifting some sanctions?

Ask yourself Which sanction they are lifting.

The only sanction they tried lifting is the one related with money payment for foods, other sanctions are fully in place and more coming.

BritishNaija:


Ask yourself Which sanction they are lifting.

The only sanction they tried lifting is the one related with money payment for foods, other sanctions are fully in place and more coming.

Lmao, which sanctions? the 8th? what did the 7th do?

RikudoSennin:


Lmao, which sanctions? the 8th? what did the 7th do?

You need to meet and economist to explain to you how sanctions bit and kill Economy slowly like cancer.

BritishNaija:


You need to meet and economist to explain to you how sanctions bit and kill Economy slowly like cancer.

The economy you helped built? Have several seats abeg.