But now, problems are mounting after 18 months of crippling sanctions as a result of the Ukraine war, with new figures showing just how much crucial industries are failing.
Europe also significantly reduced its purchases of Russian oil and gas following the invasion, relying on alternative energy sources and liquefied natural gas from other suppliers. Problems are mounting after 18 months of crippling sanctions as a result of the Ukraine war, with new figures showing just how much crucial industries are failing.
“So, that business is now lost to Putin. For Moscow, without new, hugely expensive pipelines all the way to China, this huge Russian gas resource will remain a stranded asset.” Putin continues to take a hardline stance on Russia’s ‘special military operation’ in Ukraine despite global condemnation, claiming the West will lose interest in supporting the embattled nation.Sanctions on Russia were designed to shake Russia from within and make it impossible to continue its territorial war in Ukraine. However, as the rest of Europe edges closer to a recession, the Russian economy has shown some resilience after initial sanctions were laid down.