Ukraine War, July 28, 2022; Yale study says, contrary to most reports, sanctions are having devastating effect on Russian economy; After Biden visit to Saudi Arabia, isolation of MBS collapses

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THE WAR TO SAVE THE U.N.  CHARTER AND INTERNATIONAL LAW

To see a list of previous articles, enter “Ukraine” in the Search Box on the upper right, on The Trenchant Observer web site, and you will see a list in chronological order.

Dispatches

1) Louis Ashworth, “Russian economy ‘crippled at every level’ despite Putin’s propaganda; Country in ‘dire straits’ as exodus of Western firms knocks out 40pc of GDP,” The Telegraph, July 28, 2022 (12:12pm);

2) Silvia Ayuso y Mac Español, “Macron acelera la rehabilitación internacional del saudí Bin Salmán pese a las críticas de las ONG de derechos humanos; El presidente francés recibe este jueves al príncipe heredero del país árabe en su primera visita a Europa tras el asesinato del periodista Jamal Khashoggi,” El País, el 28 de julio 2022 (09:42 EDT, Actualizado a las 11:38 EDT);

Analysis

Ashworth reports,

Russia’s economy is being “catastrophically” crippled by Western sanctions according to experts, despite Vladimir Putin’s efforts to hide the damage.

Analysts at Yale looking at “private Russian language and unconventional data sources” say imports have “collapsed” and domestic production “has come to a complete standstill”.

Russia has lost companies representing around two-fifths of its GDP amid an exodus of Western businesses, they claim, undoing about three decades of foreign investment.

The report, from Yale’s Chief Executive Leadership Institute, describes itself as “one of the first comprehensive economic analyses” of how Russia’s economy is faring five months on from the invasion of Ukraine.

This report is highly significant, as the Yale study contradicts, persuasively, many sanguine reports about the impact of the sanctions on Russia’s economy.

The fact that these latter reports circulate should not surprise us, given the willingness of the news media to publish “poll results” on the popularity of Putin and the war, “poll results” which are utterly worthless when they are based on interviews in an authoritarian police state.

The Trenchant Observer

***

See also,

Only force can stop Putin

“Ukraine War, April 5, 2022 (II): Force must be used to stop Putin,” The Trenchant Observer, April 5, 2922 .

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1) Louis Ashworth, “Russian economy ‘crippled at every level’ despite Putin’s propaganda; Country in ‘dire straits’ as exodus of Western firms knocks out 40pc of GDP,” The Telegraph, July 28, 2022 (12:12pm);

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