Russia’s Economy Is Beginning To Feel The Weight Of Sanctions

After nearly a year of gradually mounting sanctions, as major world powers cut their ties with Russia over its invasion of Ukraine, it appears that thenation is finally feeling the brunt of the sanctions on its economy. Russia’s energy revenues have fallen significantly in recent months and are expected to contract further in 2023, as more sanctions come into place. This has had a knock-on effect on other industries, with car sales falling significantly and other manufacturing sectors expected to be hit hard. To date, Russia’s economy…