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Analysis: Here's how we know sanctions are hurting Russia
With much of the world economy repudiating Russia after Vladimir Putin's invaders stormed into Ukraine, the country is on the cusp of a default on its foreign obligations. The West's economic blockade and sanctions of an unprecedented scale are clearly having an effect.
www.cnn.com
Trump's genius...
"When the Communists and Vladimir Lenin took over Russia in 1917, they repudiated old czarist debts and the country defaulted on its foreign obligations -- the largest sovereign default in history.
Now, with much of the world economy repudiating Russia after Vladimir Putin's invaders stormed into Ukraine, the country is again on the cusp of a default on its foreign obligations.
While the West has made very clear it will not do anything that could be construed as joining in firefights against nuclear-armed Russia, its economic blockade and sanctions of an unprecedented scale are clearly having an effect."