Ukraine sanctions: What pain lies ahead for Russia's economy?

LTC Eugene Chu
"Vladimir Putin

At a glance, Russia has so far been able to fend off an economic collapse following its invasion of Ukraine.

It has been hammered by sanctions introduced by Western countries since February.

The initial shock forced the stock market in Russia to close temporarily and saw people queueing up at cash machines, worried about their savings.

The rouble has, however, returned to pre-war levels, due to careful management by Russia's central bank.

Its interventions included limiting the amount of money people could transfer abroad, as well as forcing firms that export things to convert 80% of their overseas incomes into Russian currency."...