Sanctions take a bite out of Russia's economy and its war effort
ringsideatthereckoning.substack.com
According to the Washington Post, the Russian economy is in considerably worse shape than has generally been reported. The Post points to figures released by Russia’s Finance Ministry showing that tax revenue from the non-oil and gas sector fell by 20 percent in October, compared to a year earlier. Gas production declined by the same percentage during the same period. In addition, retail sales fell by 10 percent year-on-year.
Sanctions take a bite out of Russia's economy and its war effort
Sanctions take a bite out of Russia's economy…
Sanctions take a bite out of Russia's economy and its war effort
According to the Washington Post, the Russian economy is in considerably worse shape than has generally been reported. The Post points to figures released by Russia’s Finance Ministry showing that tax revenue from the non-oil and gas sector fell by 20 percent in October, compared to a year earlier. Gas production declined by the same percentage during the same period. In addition, retail sales fell by 10 percent year-on-year.