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26%  
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  • Western sanctions catch up with Russia's wartime economy

    11/26/2022 1:54:37 PM PST · by canuck_conservative · 34 replies
    National Post [Canada] / WP ^ | Nov. 26, 2022 | Catherine Belton and Robyn Dixon
    ... The situation has worsened considerably since the summer when, buoyed by a steady stream of oil and gas revenue, the Russian economy seemed to stabilize. Figures released by the Finance Ministry last week show a key economic indicator—tax revenue from the non-oil and gas sector—fell 20 percent year in October compared with a year earlier, while the Russian state statistics agency Rosstat reported that retail sales fell 10 percent year on year in September, and cargo turnover fell 7 percent.... “The spiral is escalating, and there is no way out of this now.” ... The Western ban on technology...