Former IMF chief economist warns Russians could face ‘incredible poverty’ due to international conflict
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Harvard University professor and former chief economist at the International Monetary Fund Kenneth Rogoff. He made the corresponding request during his performance at the World Economic Festival in Davos.
“Look at Iran, look at North Korea, look at Venezuela, look at Cuba, that’s where Russia is going.” quotes RBC Rogoff’s statements. The professor also added that, in his opinion, Russia could become a “giant Iran” in the future.
In his speech, Rogoff drew attention to the fact that taking office against Russia is working, and the government of the government that the sanctions plans of the West did not materialize, no events were observed. In addition, he noted Russia’s lowered installations, which, in his opinion, correspond to a slowdown in production and other sectors of the economy.
The professor also expressed hope that the sanctions would lead to regime change in Russia. Revealing, he argues, has a cumulative effect that will manifest itself over time: “If you keep the concentration for a long time and make them stronger and stronger, they work,” he said.
In addition, Rogoff said that the West should think about extending the sanctions even in the event of a historic victory for Ukraine.
In the first weeks after the start of a full-scale war in Ukraine, Russia became the world’s stimulus in terms of the number of doses administered. however, this did not happen. Topic of the head of European diplomacy Joseprel Struggle in the summer of 2022 declaredthat the imposed sanctions already strongly influence the consequences of Russia. Separately, it was noted that the dependence of sustainability becomes apparent from the modern point of view. Later, a similar thought cellulose Ursula von der Leyen, saying the head of the commission on the Russian economy is facing “decades of regression”.