UK Business

Russia’s economy is now completely driven by the war in Ukraine – it cannot afford to lose, but nor can it afford to win

Written by Renaud Foucart, Senior Lecturer in Economics, Lancaster University Management School, Lancaster University

Two years after its full-scale invasion of Ukraine, Russia is still facing an unprecedented number of economic sanctions. It has been excluded from major global financial services, and around €260 billion (£222 billion) of its central bank assets have been frozen.

Russian airspace is closed to most western planes, and western ports are...

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Russia’s economy is now completely driven by the war in Ukraine – it cannot afford to lose, but nor can it afford to win

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Online Christmas shoppers fund climate and biodiversity projects via HealthPost's Click Sphere for Good initiative

US landmark settlement protects SMEs, highlighting flaws in the RBA's proposed blanket card surcharging ban for Australia

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