Sanctions and Their Effectiveness on Russia

Sanctions imposed on Russia due to its actions in Ukraine have not had the immediate impact that many anticipated. Despite being the most sanctioned nation globally, Russia's economy has shown resilience, growing faster than that of the UK and the EU. This resilience is attributed to Russia's ability to find alternative markets, primarily selling its oil to countries like India and China despite international sanctions. However, sanctions have started to take effect, raising costs and creating a domestic pressure on the Russian economy that may influence its government to seek a resolution to the ongoing conflict.