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Reuters
Reuters
Business
By Andrew Osborn

Russia, mired in war, faces economic pain and attempts to isolate it

Russia Vladimir Putin Ukraine European Union Moscow Economy Europe World War Two
FILE PHOTO: Russian President Vladimir Putin chairs a meeting with members of the Security Council via a video link from the Novo-Ogaryovo state residence outside Moscow, Russia December 2, 2022. Sputnik/Mikhail Metzel/Pool via REUTERS

Russia's invasion of Ukraine plunged Europe into its biggest land war since World War Two, igniting a conflict that has killed thousands, displaced millions, pulverised Ukrainian cities and damaged the global economy.

Despite warnings from U.S. intelligence in the run-up to Feb. 24, many European and Ukrainian officials did not believe it would happen. It was far too much for the Russian army to bite off, went the thinking.

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