Naturally, the fighting in the east has degenerating to something not even resembling WW2, but WW1 western front. And not just in style, but also the stagnant nature of it.
Or in musical form:
A huge chunk of developed economies falls under that umbrella, and that has consequences. As some were celebrating ironically, and some not, Russia is truly on the way to become the leader of the third world.
Now you flew off into fucking Mars orbit.
Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an economy ministry document showed on Wednesday, further evidence that sanctions pressure is taking its toll.
www.reuters.com
The economic fallout from Russia’s invasion will depend on the outcome of the war and the duration of the sanctions.
www.nytimes.com
Lagarde and Donohoe warn of economic consequences to Ukraine crisis
www.irishtimes.com
Russia will lose about an eighth of its GDP due to sanctions. According to Russian experts...
The West will
lose part of its GDP growth.
Yeah, right, the west is totally being hit harder than Russia.