: Far from Putin’s claims of resilience, Russian economy is being hammered by sanctions and exodus of international companies, Yale report finds

by | Aug 1, 2022 | Stock Market

Media reports trumpeting the resilience of the Russian economy in the face of the international response to its invasion of neighboring Ukraine are based on misunderstandings that don’t reflect what’s happening on the ground, according to a new paper from the Yale School of Management. The report, called “Business retreats and sanctions are crippling the Russian economy,” found that far from the “prosperity” touted by the Kremlin and Russian President Vladimir Putin, the sanctions — and the exodus of more than 1,000 global companies –are having a catastrophic effect.

The report drew on private Russian language and unconventional data sources including high frequency consumer data, cross-channel checks, releases from Russia’s international trade partners, and data mining of complex shipping data, according to the authors, led by Professor Jeffery Sonnenfeld, senior associate dean for leadership studies at the Yale School of Management. “From our analysis, it becomes clear: business retreats and sanctions are catastrophically crippling the Russian economy. We tackle a wide range of common misperceptions – and shed light on what is actually going on inside Russia,” said the report. See Now: Despite plenty of talk, many U.S. companies have still not fully exited Russia: Moral Rating Agency Related: Kremlin could seize Russian assets of U.S. companies, warns Moral Rating Agency (For a quick summary of the report, check out this TikTok video by Canadian Steve Boots, who offers political commentary on social media.) The Yale team has been trac …

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