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Itâs clear that Russia is now suffering from ill winds. The country largely avoided the punishment that most of Europe has endured since the 2008 crash and austerity is an unknown concept to the youth. If the rouble doesnât recover soon and if sanctions are made permanent there will be even more serious costs for the Russian people.
Since Russia openly challenged the post World War II order in forceably taking over Crimea and aiding rebels in Eastern Ukraine, it is clear that the Russian economy has suffered greatly due to a combination of low oil prices and Western sanctions.â¦. Record levels of corporate cash drive Japanese outbound M&A.