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Russian Economy Staggers Into 1998 ‘Times Three’ With Foreign Exodus

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White House Considers Ban on Russian Oil Imports

The international isolating of Russia is leaving local businesses flailing as foreign firms head for the exits, helping to drive the economy deeper into recession.

Besieged by international sanctions over President Vladimir Putin’s invasion of Ukraine, the world’s 11th-largest economy is suffering a rash of departures by multinational companies in industries as varied as car manufacturing, sporting goods and consumer appliances.