Have Sanctions against Russia Backfired? | DW Business Special

Result of Western sanctions against the Kremlin

Who is hurting the most as a result of Western sanctions against the Kremlin? When Russia invaded Ukraine the West was quick to launch its own attack on Russia’s economy. The EU, US and others imposed a sanctions regime like never seen before. But months down the line, Europe is suffering an economic downturn and soaring inflation. Meanwhile Russia’s currency remains strong and it continues to fund its war machine. In this DW Business special we discuss whether the sanctions have back-fired on the West with Elina Ribakova, deputy chief economist at the Institute of International Finance.
 
Credit to : DW