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In the wake of Putin's invasion of Ukraine, democratic nations came together to isolate his regime with coordinated condemnation and a punishing set of sanctions. They have reduced revenues from trade and petroleum products, pushed more than a thousand companies to pull out of Russia, and isolated the country's financial industry. Yet, the Russian economy only shrank by 2 percent in 2022. Russia has dramatically increased trade with other autocratic nations including China and Iran, not to mention India. The Russian economy is surviving better than any thought it would, and part of that has been the laundering of dirty money in Switzerland.
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