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The Times

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Russian sanctions are biting harder than it could have imagined, and it'll get worse

  • Written by: Steven Hamilton, Visiting Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University

It was only on Sunday that I wrote about the radical escalation in the economic and financial side of the war between Russia and Ukraine.

That was before the financial markets opened on Monday, and before Russia had a chance to respond.

But even by then – early Sunday morning Moscow time – enormous lines had begun to form at Russian auto...

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