https://www.cnbc.com/2022/03/14/putins-invasion-of-ukraine-will-knock-the-russian-economy-back-by-30-years.html Vladimir Putin’s war on Ukraine and the global response to it will drastically alter Russia’s economic future, setting the country back 30 years, experts say. As the country’s economy collapses, the exodus of global brands will give rise to a profound shift in how middle-class citizens will make and spend their money. Experts say the coming period of Russian economic isolation could last at least five years, but more likely will be measured in decades. WASHINGTON — Vladimir Putin’s unprovoked war on Ukraine and the resulting global response will set Russia’s economy back by at least 30 years — close to old Soviet Union times — and lower its standard of living for at least the next five years, according to economists, investors and diplomats. The sweeping Western sanctions are designed to inflict maximum pain on the country’s economy by expelling it from global markets a...
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