By Sergey Aleksashenko, Former Deputy Finance Minister of Russia
One year ago on March 6, the Western nations adopted the first targeted sanctions against Russian companies and citizens linked to the conflict in Ukraine. Today we can say those sanctions have been barely effective.
The main goal of the sanctions, which were introduced in stages, was to stop Russian aggression in Ukraine. Instead, Russia paid no attention to the sanctions and subsequently 1) annexed the Crimean peninsula; 2) unleashed an armed conflict in eastern Ukraine; 3) effectively transformed a significant part of the Donetsk and Luhansk regions into a territorial entity …read more
Source: Center on Global Interests