Russia’s Economic Pain Will Last Years, Adeyemo Says

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Russia's economic pain will last years, adeyemo says

Bloomberg Politics published this video item, entitled “Russia’s Economic Pain Will Last Years, Adeyemo Says” – below is their description.

“Russia’s economy is in a great deal of pain because of the sanctions we’ve implemented with 30 other countries and the pain is going to continue for years to come,” Deputy Treasury Secretary Wally Adeyemo says during an interview with David Westin on “Balance of Power.”

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Bloomberg Politics produces English language political stories from around the world, from a US perspective. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

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In This Story: Russia

Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.

Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.

The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.

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