Western nations imposed some of their strongest ever sanctions on Russia as punishment for invading Ukraine.
The measures were meant to cripple its economy.
But the Ruble is trading at a two-year high against the U.S. dollar, and revenues from energy exports are up.
Still, the International Monetary Fund expects the economy to shrink by 8.5 percent this year.
So what is the real picture?
Presenter: Hashem Ahelbarra
Guests:
Vyacheslav Mishchenko – Energy markets expert.
Chris Weafer – Chief Executive Officer, Macro-Advisory, a strategic consultancy focused on Russia and Eurasia.
Eric Chaney – Economic adviser to Institute Montaigne think tank.
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