The Russian economy shrank 4% this quarter according to the Russian Central bank. Expectations were 10% down, so those expectations were beat.
The Russian Central bank expects further contraction next year.
That's not collapse, but 4yrs of progress have been deleted. Also commodities are inelastic in the short term, over longer periods sources of commodities can be replaced and demand destruction occurs.
The IEA is also estimating Russian oil production will begin to fall without access to western tech/expertise.
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