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Time is the main obstacle to the effectiveness of international anti-Russian sanctions, as Russia has the opportunity to prepare and adapt to the new conditions, stated Yuriy Gorodnichenko, Professor of Economics at the University of California, Berkeley, and advisor to the governor of the National Bank of Ukraine, in an interview with RBC-Ukraine. What is the main problem with sanctions “The main problem with the sanctions lies in their philosophy, which was built on the principle of gradually stifling the Russian economy. The hope was that through “a thousand cuts,” the aggressor’s economy w…

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