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Richard Connolly — Russia’s Response to Sanctions: How Western Sanctions Reshaped Political Economy in Russia

Summary:
My conclusions: 1. The West is conducting economic warfare against Russia and Russians in general realize that his is the not-so-hidden agenda. 2. So far Russia has adapted successfully to the challenges and as a result become stronger and more integrated with the non-West. The West hadn't anticipated this. The consequence is that the West is in a worse position than prior to launching the economic war. 3. Specific understanding of MMT would greatly improve Russia response-capability, on one hand, and other the other, also enhance Russia's ability to employ its considerable resources more efficiently and effectively.Valdai ClubRussia’s Response to Sanctions: How Western Sanctions Reshaped Political Economy in Russia Richard Connolly | Senior Lecturer at the University of

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My conclusions:

1. The West is conducting economic warfare against Russia and Russians in general realize that his is the not-so-hidden agenda.

2. So far Russia has adapted successfully to the challenges and as a result become stronger and more integrated with the non-West. The West hadn't anticipated this. The consequence is that the West is in a worse position than prior to launching the economic war.

3. Specific understanding of MMT would greatly improve Russia response-capability, on one hand, and other the other, also enhance Russia's ability to employ its considerable resources more efficiently and effectively.

Valdai Club
Russia’s Response to Sanctions: How Western Sanctions Reshaped Political Economy in Russia
Richard Connolly | Senior Lecturer at the University of Birmingham, Associate Fellow at Chatham House, Visiting Professor at the Russian Presidential Academy of National Economy and Public Administration

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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