BERLIN – Since February, the West has waged what amounts to economic warfare on Russia, using what the political theorists Henry Farrell and Abraham Newman have called “weaponised interdependence” between countries in a globalised world.
Western sanctions imposed on Russia in retaliation for the invasion of Ukraine have been among the most far-reaching in recent history. Fitch, a credit ratings agency, forecasts that the Russian economy will contract 12.5 per cent this year as a result, which would be the country’s largest recession since 1994.
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