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Effects of Sanctions

We’re hearing wonderful stories about the effects of sanctions on the Russian economy, but those accounts don’t always ring true. Cabbages there, for example, now cost 500 percent more than they did a few weeks ago, but lemons are cheaper now.If you walk around a supermarket in Moscow, you’ll see a few empty shelves, but you’ll find about the same number of vacant shelves at your local H-E-B. You’ll also find prices around 10 to 30 percent higher in both stores. Both we and they, are suffering from inflation.You’ve heard that a host of Western businesses have pulled out of ...

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