New York (RichTVX.com) — We strongly endorse an article in Fortune titled “How the Russian economy self-immolated in the year since Putin invaded Ukraine,” which was co-authored by Jeffrey Sonnenfeld, the Lester Crown Professor in Management Practice and Senior Associate Dean at Yale School of Management, and Steven Tian, the director of research at the Yale Chief Executive Leadership Institute. The article showcases the exceptional work and remarkable accomplishments of Sonnenfeld, Tian and the Yale research team. Their insightful analysis and commentary make this an essential read for anyone interested in the ongoing conflict in Ukraine. Since Putin’s invasion of Ukraine, the Russian economy has been severely impacted by a combination of economic pressure and Putin’s own missteps. More than 1,000 multinational companies have voluntarily left Russia, which is equivalent to 35% of the country’s GDP and employs 12% of its workforce. The enduring international government sanctions include export controls on sensitive technologies, restrictions on Russian elites, asset seizures, financial sanctions, immobilizing Russia’s central bank assets, and removing key Russian banks from SWIFT. The Russian economy has also been further impacted by plummeting energy revenues due to the G7 oil price cap and Putin’s punctured natural gas gambit. Additionally, there has been talent and capital flight, with millions of Russians fleeing the country, and offshore havens for wealthy Russians are booming. As supply chains continue to adapt, it appears that Russia will become increasingly irrelevant as a top commodities supplier to the world economy, and it is at risk of becoming a weak economic dependent of China. Finally, the Kremlin has had to implement escalating measures to prop up the economy, and its control is increasingly creeping into every corner of the economy with less and less space left for private sector innovation. Professor Sonnenfeld also joined MSNBC Morning Joe. He discussed the work of his team in sparking and chronicling the Russian Business Retreat, the largest global business exodus in world history.