The Country is Suffering Severe Economic Pain—Though it Has Proved More Resilient than Expected
It’s certainly interesting to see how sanctions play out. There is the immediate shock of the sanctions but it feels as though it’s more the long term impact that eventually turns the screw.
I wondered when first implemented whether the West had the same power these days when there are other markets that Russia can tap into. China and India being the big ones.
It does appear from your article that the sanctions are biting and Russia are isolated to some extent at least.
The citizenry of Russia seem to be facing economic pain (e.g. higher car prices, lower production of household appliances, declining real wages due to inflation). In the future, is it possible to design sanctions that hurt the government/military of an aggressive nation without tightening the belt on ordinary citizens? Were efforts to do so taken this time around?
Отлично! Really interesting to read this piece since I hear from various people on FinTwit that the sanctions aren't really hurting Russia all that much. Perhaps the financial sanctions are not death, but the tech sanctions as you mentioned must be difficult to contend with. I just included it in my weekly list of best articles. Cheers
A good reminder that parts of the world are controlled by monsters and, in spite of the hardships we wreck on them, they manage to prevail and, to some extent, not suffer as much as they should. Lamentable that justice is often times so terribly slow to arrive. China, India, North Korea and who knows who else manages to mitigate the damage that we are trying to inflict.