💨 Abstract

The EU's leading economist reported Russia's economy faces growing pressures due to its prolonged Ukraine invasion and Western sanctions. Torbjörn Becker emphasized that while Russia’s economy has shown resilience, it is heavily reliant on energy exports and high defense spending. Long-term threats include inflation and lack of foreign investments. The EU and G7 democracies are planning new sanctions and restrictions to further disrupt Russia's economy.

Courtesy: wtop.com