10 Aug 2022

Russia-Ukraine war: Are sanctions on Russia working?

International Editor

Almost six months since the start of the war in Ukraine, the conflict shows no sign of easing.

But as ever, the fighting has had unforeseen consequences.

Sanctions on Russia were expected to strangle the country’s economy and starve its war machine of funds.

While oligarchs may be feeling the pinch, the West has found it has precious few alternatives to Russian oil and gas to heat its homes and keep businesses running.

And as energy prices rocket, Russia is seeing its revenues do the same.