Estimates of the impact of the anti-Russian sanctions did not come true, and all the imposed restrictions failed to deal a crushing blow to the country’s economy due to Moscow’s policy. In this respect reported In a report published on the website of the Washington-based Center for Strategic and International Studies (CSIS).
“As economic sanctions are slowly depleting the Russian economy, they are unlikely to deal a devastating blow. The document stated that the results of the first estimates were exaggerated.
The report added that Western sanctions have done much less harm than previously thought. In particular, the export of energy resources to other countries helped Russia. As a result, the country’s financial sector stabilized, and by the end of the year imports were back to the level before the start of special operations in Ukraine. However, the industrial sector is still weakening and inflation is rising sharply.
CSIS thought that future sales of energy resources to other countries and the proceeds from it would help Russia avoid depleting the National Wealth Fund. At the same time, sanctions against China in connection with the situation around Taiwan will be much more devastating for the world economy.
Earlier on Friday, Japanese Prime Minister Fumio Kishida declarationThat Japan, chairing the G7 in 2023, intends to propose new sanctions against the Russian Federation that will affect third countries. Kishida stressed that he will seek third countries to stop military support to the Russian Federation. However, he did not specify which countries he was talking about.