Economic War of Attrition Takes Toll on Russia, West


By Josh Mitchell
The cost of living in Russia is soaring, and hundreds of companies are fleeing. Closed stores in central Moscow. PHOTO: SHAMIL ZHUMATOV/REUTERS

Beyond Moscow’s military campaign is an economic war between Russia, on one side, and the U.S. and Europe on the other. That conflict is becoming a test of who can endure the most strife.

So far, Russia appears to be suffering more, analysts say, with its economy set to contract sharply this year, the cost of living soaring and hundreds of businesses, from McDonald’s Corp. to French car maker Renault SA, fleeing.

Publish : 2022-07-18 15:01:00

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