Since Russia’s recognition of the self-governing regions of Donetsk and Luhansk regions in Ukraine on February 21, 2022, and its unprovoked invasion of Ukraine on February 24, 2022, the European Union has imposed sanctions against Russia. The measures come on top of measures already taken in 2014 following the annexation of Crimea and the failure to implement the Minsk agreements.
“Unprecedented economic sanctions have been imposed on our country. But their main objective was not achieved by their initiators. They have failed to disrupt our financial stability“, Mr. Michoustin said at the Moscow Financial Forum in September 2022. Yet it turns out that Russia is more affected than it appears. Economists say Russia is currently experiencing a deep recession after a 4% decline in GDP. (GDP) in the third quarter. Its imports also fell sharply. .
Daily Head Ladsday News During a talk show on state television, some Putin campaigners expressed their concerns about the effects of Western sanctions. “Russian High-Speed Rail Subsan (Model manufactured by German Siemens) won’t drive”, predicts one campaigner. “What are we going to drive with? What are we going to call it? What are we going to do? Have we noticed that?” Another surprise. “Suppose we take those responsible to court…but that won’t get us another subs or an airplane. All we have is the West. We can nationalize everything now, but what do we do the next day? A simple question and answer that satisfies.”
In August 2022, A study conducted by Yale School of Management researchers has already said that “Company Exits and Sanctions Crippling Russian Economy in the Short and Long Term”. Experts particularly criticized Vladimir Putin’s choice of statistics and his speech praising the resilience of the Russian economy. The analysis confirmed that the barriers were indeed established “Discourage many companies and countries from continuing to trade with Russia” Before adding that the country is going to face difficulties “To provide spare parts and raw materials, or to acquire some essential technology.” So a claim corroborated by the concerns of campaigners.
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