People lined up at a branch of Sberbank in Voronezh, Russia. Credit: VPales/Shutterstock.com Heavy Sanctions Will Hobble Russia's Economy - the Question Is When?
The unprecedented Western sanctions imposed on Russia are likely to create an inflation and liquidity crisis in Russia, but they will also increase inflation in Europe, lawyers say.
March 02, 2022 at 06:16 PM
5 minute read
Analysis
The original version of this story was published on Law.com International
Never-before-seen sanctions announced by the European Commission in recent days will hobble Russia's economy, although the full effects won't be felt immediately, lawyers say.
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