The Duran – News in Review – Episode 154.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss a Bloomberg article on US sanctions against Russia, and their effect on the Russian economy.
Are the US sanctions working, and will the Bloomberg article convince the European Union to ramp up their sanctions against Russia as well?
Western policy makers proceed with an all out blitz to bring the Russian economy to its knees, and under neo-liberal hegemon control...but has their sanction policy actually worked, as Bloomberg claims, or is their something hiding behind the charts showing a dip in Russian GDP.
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Via Zerohedge (https://www.zerohedge.com/news/2018-11-17/study-suggests-us-sanctions-cut-6-russian-gdp-2014)...
A new study by Bloomberg Economics claims that US sanctions have knocked as much as 6% off Russia's economy over the past four years. The findings highlight the general devastation that Washington and E.U. sanctions against Moscow wreaked in the aftermath of the Crimean crisis in 2014.
According to the authors the estimate is based on a growth forecast that would be reasonably expected according to indicators at the end of 2013 if the crisis had never happened. The study found that while some of the blame is due to the slump in oil prices, sanctions have been the bigger driver, and perhaps partly the introduction of inflation targeting and a sell-off in emerging markets could be other factors.
According to the report, “The underperformance has been much bigger than crude alone can explain.”
#Russia #Bloomberg #sanctions #TheDuran