Russian economy poised to crash as sanctions take their toll

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Russian economy poised to crash as sanctions take their toll
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The Russian economy is poised to collapse this year after the U.S. and its European allies hit the Kremlin with a slew of crippling financial penalties over its unprovoked invasion of Ukraine.

Solus Alternative asset management strategist Dan Greenhaus examines the state of the market on 'Making Money.'is poised to collapse this year after the U.S. and its European allies hit the Kremlin with a slew of crippling financial penalties over its unprovoked invasion of Ukraine.

Russian President Vladimir Putin attends a meeting with young award-winning culture professionals via videoconference in Moscow, Russia, Friday, March 25, 2022. Putin has warned that Russia faces rising unemployment and inflation as it confronts the international sanctions, which he has referred to as an "economic blitzkrieg."

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