One Year Into the Russia-Ukraine War, and No End in Sight
Loomis Sayles Credit Research
FEBRUARY 24, 2023
Beyond the hit to growth on the order of around one third of GDP in 2022, the destruction of the country’s capital stock and Moscow’s stranglehold on the seaborne export routes has been suffocating. An analysis of relative strategic and economic positioning drives our assessment. The strategic initiative remains with Russia.
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