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Sanctions appear to be working on the Russian economy

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People rest at a restaurant at Patriarshiye Prudy, which means Patriarch's Ponds, a hip restaurants and bars district enjoying the end of a sunny day in Moscow, Russia, on Thursday, Aug. 10, 2023. Life seems normal in many ways despite sweeping sanctions – outdoor seating at restaurants and bars is packed and malls are still operating, though stores like Zara and H&M have been replaced by new clothing brands Maag and Vilet. (AP Photo/Alexander Zemlianichenko, File)

When it comes to the pressure on the ruble, Russia, one of the world's biggest oil suppliers, is earning less from selling its oil because of Western sanctions. That's narrowing the country's trade surplus with the rest of the world because Russian people and companies also are buying more products from abroad.


Originally published at The Associated Press
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