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Russia is facing fresh sanctions, but Putin is used to dealing with a struggling economy

By Yerzhan Tokbolat, Lecturer in Finance, Queen's University Belfast
Moldir Mukan, Visiting Researcher, Queen's University Belfast

The UK and the EU have agreed to hit Russia with a raft of new economic sanctions after hopes of a ceasefire with Ukraine came to nothing. One French minister commented that it is time to “suffocate” the Russian economy.

Since the country’s fullscale invasion of Ukraine in 2022, that economy has

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