HR/VP Blog – Russian authorities regularly claim that the Russian economy would not really suffer from Western sanctions and that time would be on Russia's side in its war of aggression against Ukraine. However, these ideas do not stand up to scrutiny. Our sanctions have already significantly weakened the Russian economy, and the future of the country becomes bleaker each day as Russia continues its war of aggression against Ukraine.
Me too, which leads me to the conclusion that the sanctions on Russia are just paper tigers and their economy is fine.