sanctions against russia

обход санкций

How much money will be enough for Russia to wage war against Ukraine?

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In a recent publication, the sanction strategy imposed by the EU and USA was analysed. However, does this strategy is effective enough to make the EU and the USA not pay double the price?

Analysts at the European company Consultancy recently estimated that waging war against Ukraine costs Russia about $ 20 billion. day.

Russian financiers and experts interviewed on anonymity by The Bell say that Russia can afford to finance the war against Ukraine and fulfil social obligations to Russian citizens for 1.5-2 years, taking into account the effect of sanctions already imposed.

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sanctions against russia

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Sanction strategy – weapon of an accumulative action

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On April 6, the United States, the European Union and the G7 agreed to implement measures aimed at “increasing the economic consequences of Putin’s regime from the invasion of Ukraine.”

On April 8, the EU Council imposed two packages of sanctions in response to the Russian Federation’s military aggression – economic sanctions and restrictive measures against 217 individuals and 18 legal entities, and the United Kingdom joined the personal sanctions.

Also on April 8, new sanctions were imposed on Russia and Belarus by the United States.

At the same time, the public discourse continues to periodically feature theses about the ineffectiveness of the “sanctions” imposed on Russia itself.

Rejecting frankly Russian propaganda materials, we will try to assess whether the measures taken by Ukraine’s partners to influence Russia in the economic dimension are achieving their goals. Continue reading →