Former IMF chief economist warns Russians could face 'incredible poverty' due to international sanctions
International sanctions are having a significant impact on the Russian economy, which could leave Russian citizens facing "incredible poverty" in the future, said Kenneth Rogoff, a Harvard University professor and former chief economist at the International Monetary Fund. He made the corresponding statement during his speech at the World Economic Forum in Davos. “Look at Iran, look at North Korea, look at Venezuela, look at Cuba, that’s where Russia is heading,” Rogoff quoted RBC as saying.