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Russian imports plunged – revenue from its oil and gas more than made up for it

7 pointsby Amboliaabout 3 years ago

1 comment

KarlKempabout 3 years ago
I don’t quite follow the headline‘s logic. It seems that lower imports and higher exports are working the same direction, not one making up for the other.<p>If imports are plunging, sanctions are working. They may have more foreign currency reserves than ever before, but get caught by the other sanction mechanism: not being able to spend that money on what they need.
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