Russian Economic climate Is ‘Basically a Large Fuel Station’: Harvard Economist

  • Jason Furman mentioned Russia’s overall economy is “unimportant” other than gas, The New York Occasions claimed.
  • His remarks occur as the US and Europe get ready heavy sanctions on Russia if it invades Ukraine.
  • But there are fears that their options to punish Moscow will penalize the relaxation of the environment also.

Russia’s economic climate is “extremely unimportant in the international financial system except for oil and gas,” Jason Furman, a Harvard economist and previous advisor to President Barack Obama, instructed The New York Instances.

“It is basically a big gasoline station,” he claimed.

His

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