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Years of economic isolation and bulgingg financial reserves have positioned the country to ride out the coronavirus panic and bounce right back. But Russia's underfunded health system could cause problems with the current Covid-19 outbreak. Far from being a basket case, Russia enters the crisis with bulging financial reserves, its big companies nearly free of debt and all but self-sufficient in agriculture. After Russia was hit with the sanctions, President Vladimir V. Putin’s government and companies adapted to isolation and were virtually forced to prepare for economic shocks like the one hammering the global economy today. The New York Times Thanks to Sanctions, Russia Is Cushioned From Virus’s Economic Shocks
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Years of economic isolation and bulgingg financial reserves have positioned the country to ride out the coronavirus panic and bounce right back. But Russia's underfunded health system could cause problems with the current Covid-19 outbreak. Far from being a basket case, Russia enters the crisis with bulging financial reserves, its big companies nearly free of debt and all but self-sufficient in agriculture. After Russia was hit with the sanctions, President Vladimir V. Putin’s government and companies adapted to isolation and were virtually forced to prepare for economic shocks like the one hammering the global economy today. The New York Times Thanks to Sanctions, Russia Is Cushioned From Virus’s Economic Shocks
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Mike Norman considers the following as important:
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Years of economic isolation and bulgingg financial reserves have positioned the country to ride out the coronavirus panic and bounce right back.
But Russia's underfunded health system could cause problems with the current Covid-19 outbreak.
Far from being a basket case, Russia enters the crisis with bulging financial reserves, its big companies nearly free of debt and all but self-sufficient in agriculture. After Russia was hit with the sanctions, President Vladimir V. Putin’s government and companies adapted to isolation and were virtually forced to prepare for economic shocks like the one hammering the global economy today.
The New York Times