How sanctions on Russia play out for the world
Published Date: 3/16/2022
Source: phys.org
The international sanctions imposed on Russia are expected to lead to a double-digit contraction of the Russian economy, according to a new Policy Brief by the Complexity Science Hub Vienna (CSH). Considering China and India follow the current sanctions imposed by Western countries, the Russian economy would contract by 17%. With a worldwide embargo on Russian oil and gas, the country's economy would shrink by another 12.4%.