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The Guardian - UK
The Guardian - UK
World
Alex Clark

The Russian economy is finally stagnating. What does it mean for the war – and for Putin?

Russia Economy United States Ukraine Oil Kremlin Vladimir Putin Vladislav Inozemtsev Inflation United Kingdom
Bar chart of Russia's stagnating GDP growth comparative to the US, UK, France and Germany. Vladimir Putin looking concerned.

Western leaders were bullish when they imposed sanctions on Russia after the invasion of Ukraine in 2022.

“The Russian economy is on track to be cut in half,” said the then US president, Joe Biden, in March, a month into the war.

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