Sanctions against Russia did not work as the West awaited this, but over time their effect will intensify, this conclusion was brought to the economists of the European Analytical Center of Bruegel and the Washington Institute of International Finance (IIF).
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“taking into account the breadth of sanctions, the Russian economy will suffer in the medium and long term. The voluntary departure of a large number of Western companies, the possible separation of the EU in the field of energy and the inability of Russia to find equal alternatives will cause serious damage to the economy of the Russian Federation”.
Western experts noted that as the Russian economy is closed in itself, it is becoming increasingly difficult to find reliable data to evaluate the scale of the sanctions strike.
The final part of the article says that even greater coordination of sanctions around the world is needed to isolate the Russian economy, to limit the flow of income to the Russian treasury and, as a result, to help stop the armed conflict in Ukraine.