US economists surveyed by Chicago Booth’s Initiative on Global Markets shows that most agree that a total ban on Russian oil imports would carry a high risk of sending European economies into a recession.
The survey of economists from Chicago Booth’s Initiative on Global Markets released today asked respondents about various economic outcomes related to Russia’s invasion of Ukraine. Most were of the opinion that a ban on oil and gas imports from Russia would risk a European recession, and that the sanctions already levied against Russia are likely to put it into a deep recession.
Read more ProMarket coverage of recent Russian sanctions here.
