Even after the immediate hit to Russia's economy, the economy will suffer for years to come from a so-called "brain drain" -- the exodus of educated, middle class Russians with the financial means to leave the country -- and from U.S. and EU export controls on technology, including microelectronics, which will hinder technological development in Russia for years, according to the IIF.
"should further sanctions in the form of trade embargos be implemented, exports might fall more than we currently forecast."
See the whole piece here: Putin's War Seen Wiping Out 15 Years of Russian Economic Growth
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