Ukraine War: The Shocking Reality of Russia's Rather Pathetic Economy | The Economy Channel

The war that Russia is waging against Ukraine is still going strong. One of the most fascinating questions, after almost a year into the conflict, is how Russia's economy has avoided a destabilizing economic crisis in the face of unprecedented economic sanctions. What effect have the sanctions had on the Russian population? With Russia being unable to freely trade, how has it been able to fund war machines? And how long can this last? Stick around till the end of the video. Let’s find out! Ever since Russia's invasion of Ukraine on February 24, 2022, over 11,000 new restrictions have been imposed on Russian people, businesses, goods, and technologies. While the sheer number of these restrictions is impressive, the "sanctions from hell" have so far failed to produce the hell that was anticipated. Throughout 2022, Russia's economy generally defied apocalyptic forecasts. In light of this, it’s obvious Russia’s economy is not only being affected by the war, but it’s also been slammed by numerous sanctions. Speaking about the sanctions put in place by the council, among the initial sanctions were the freezing of Russian assets overseas and the prohibition on exporting crucial technologies to Russia. Due to this, more than 1,200 Western businesses ceased operations in Russia. All views expressed are personal. Enjoyed the video? Comment below! 💬 ⭑ Subscribe to The Economy Channel ⭑ Enjoyed? Hit the like button! 👍