Russia Faces ‘Reverse Industrialization’ Amid Sanctions Squeeze

A.M. Edition for June 3. One hundred days after launching its invasion of Ukraine, Russian oil and gas revenue has allowed Moscow to cushion some of the blow of western sanctions. However, as new sanctions come into force, WSJ reporter Georgi Kantchev says economists expect Russia will enter a deep recession this year, and even its own central-bank analysts are warning of a period of “reverse industrialization” that could last for years. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices