Bofit: “Economic imbalances weighing on Russia’s output growth”
From Bloomberg, “Ukraine Allies Agree to Step Up Economic Pressure on Russia”.
UK Prime Minister Keir Starmer said some 25 allied leaders agreed on Saturday to keep tightening restrictions on Russia’s economy in an effort to draw President Vladimir Putin to the negotiating table to secure a cease-fire in its war with Ukraine.
“The effects of the sanctions on the Russian economy have been pretty profound,” Starmer told reporters at a press conference in London. “We shouldn’t underestimate the impact they’ve already had and by doubling down and increasing sanctions, that will cause even more pressure.”
