Western leaders were bullish when they imposed sanctions on Russia after the invasion of Ukraine in 2022. “The Russian economy is on track to be cut in half,” said the then US president, Joe Biden, in March, a month into the war. “It was ranked the 11th biggest economy in the world before this invasion – and soon it will not even rank among the top 20.” His prediction was off the mark. After the immediate shock of sanctions in 2022, Russia’s military spending surged and the economy boomed. Rather than falling out of the top 20, Russia was the
US and Russia agree to re-establish military dialogue after Ukraine peace talks in Abu Dhabi
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