[sgbuffett]

Russian economy will collapse under sanctions
France said on Tuesday that sanctions against Russia will cause the Russian economy to collapse.
"We will bring about the collapse of the Russian economy," Finance Minister Bruno Le Maire told the Franceinfo broadcaster. He spoke a day after a new round of sanctions was announced by France and the EU.
"The economic and financial balance of power is totally in favour of the European Union which is in the process of discovering its own economic power," he added.
"We are waging total economic and financial war on Russia."