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June 9, 2022

Sanctions Could Shrink Russian Economy by 15% This Year
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A banking trade group warns U.S.- and European-led sanctions are set to
shrink Russia's economy by up to 15% this year. The Institute of
International Finance said Wednesday the sanctions "are unraveling
[Russia's] economy, wiping out more than a decade of economic growth,
and some of the most meaningful consequences have yet to be felt."


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