Russia's isolation from the west is a disaster for the long-term health of its economy, experts told Insider.
Trade isolation limits what Russia can import, making production more expensive.
Russia's situation will also greatly decrease its status as an energy superpower.
Russia's resilience in the face of sanctions surprised experts in the early months of the war in Ukraine, but there are growing signs that deepening isolation will result in a withered economy for years to come, and a greatly diminished standing as an energy superpower.
Since absorbing the early blows of western sanctions, Russia has largely retaliated by shutting out the west, trading exclusively with "friendly" countries, and shoring up partnerships with nations that can stomach doing business with a pariah state. READ MORE...
