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Moscow: 30 years of growth wiped out in months (Photo: Alex F)

US and EU sanctions 'crippling' Russia, Yale study finds

Western sanctions were driving Russia toward "economic oblivion" despite reports to the contrary, a leading US university has said.

The mere fact over 1,000 foreign firms — who had invested more than $600bn [€590bn] in Russia and had employed over one million Russian people — were winding down operations was a huge blow, according to research by Yale University.

"The value of these companies' investment in...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Moscow: 30 years of growth wiped out in months (Photo: Alex F)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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