Ukraine crisis: Putin dealt ‘huge blow’ as ‘big casualty’ Russia tipped for recession | World | News

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He said: “Our trade with Russia is only a small part of our economy, but if Russia’s trade with every major economy in the West is hit hard by sanctions, that’s a huge blow to Russia.

“So Russia is going to be a big casualty, hopefully.”

The impact of the sanctions on the UK economy, however, would be “next to nothing”, Mr Jessop forecast.

That said, there were “potentially quite important indirect effects.

Sources

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