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Russia’s economy has avoided collapse so far, but trouble is looming. Here’s why
Russia’s economy has averted a devastating collapse so far despite unprecedented sanctions sparked by the war in Ukraine, allowing Vladimir Putin to rally his people against the West and in support of his invasion.Yet experts — and even top Russian officials — say trouble is right around the corner. Reserves that have propped up the economy to this point are starting to run out, and Moscow’s mayor is warning of mass job losses.