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Sanctions against Russia: “We are going to have an increasingly inflationary economy”

Audio 07:22

Hình ảnh minh họa: lô gô SWIFT kết hợp với cờ cùa Liên Hiệp Châu ÂU và cở của Nga REUTERS - DADO RUVIC

By: Florent Guignard Follow

Russia's economy is beginning to feel the effects of the war in Ukraine and the sanctions imposed by Western powers.

Analysis by Michel Ruimy, economist and professor at ESCP and Sciences Po Paris.

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Since the start of the invasion of Ukraine, Russian citizens have been queuing in front of ATMs and exchange offices to recover part of their assets, in an atmosphere of uncertainty.

For the first time, the Kremlin recognizes that the country's economy is suffering a "serious

 and that "its

"

is at stake. Sanctioned companies and oligarchs are announcing the retrenchment of their activities.

Economists do not rule out the hypothesis of a deep recession. 

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