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  • Russia’s Push for Self-Sufficient Economy Fails Before Western Sanctions Building Fortress Russia was supposed to protect....

    03/20/2022 7:26:22 AM PDT · by dennisw · 28 replies
    Wall St Journal ^ | March 20, 2022 | Georgi Kantchev and Alexander Osipovich
    Russia’s Push for Self-Sufficient Economy Fails Before Western Sanctions Building Fortress Russia was supposed to protect the country from sanctions. It is still highly dependent on imports. A Uniqlo store in Moscow this month. Sanctions have hit consumers who are used to getting imported products. Russia spent years trying to wean itself off imported goods to fortify its economy against Western sanctions. Now, the impact of sanctions imposed after Russia’s invasion of Ukraine has made it clear that Moscow’s efforts didn’t work. Russia’s continued dependence on imports means it is facing a painful economic readjustment. Parts of Russia’s auto industry...