Russian Economy Faces ‘Point of No Return’ as World Targets Kremlin

Russian President Vladimir Putin attends a cabinet meeting via video link, at the Bocharov Ruchei residence in the Black Sea resort of Sochi, Russia, on Nov. 24, 2021. Mikhail Metzel, Sputnik, Kremlin Pool Photo via AP

Since President Vladimir Putin ordered Russian troops to invade Ukraine, the international community has pummeled Moscow with a series of financial penalties and economic sanctions targeting leaders, state-owned firms, and financial systems.

Anastasia Amoroso, the managing director and chief investment strategist at iCapital, remarked in a note that Russia is “past the point of no return.”