Economics
Putin’s War to Wipe Out 15 Years of Russian Economic Growth
- IIF economists see Russian GDP contracting by 15% in 2022
- ‘Brain drain,’ technology bans to hurt economy in longer-term
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Russia is set to erase 15 years of economic gains by the end of 2023 after its invasion of Ukraine spurred a multitude of sanctions and prompted companies to pull out of the country, according to the Institute of International Finance.