How Russia has managed to shake off the impact of sanctions – with a little help from its friends

Almost two years after the West responded to the Russian invasion in Ukraine with a blistering array of sanctions, a fresh round of financial measures was announced by the Biden administration on Feb. 23, 2024. The new sanctions, imposed following the death of Russian opposition leader Alexei Navalny, raised the number of individuals and entities now targeted by the U.S. to more than 2,000. These measures have run the gamut, from targeted sanctions against President Vladimir Putin and other members of Moscow’s elites to broader restrictions on trade and investment. Yet there are few signs the sanctions have had a meaningful impact on ......

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