The EU is pondering strengthening sanctions it imposed on Russia for invading Ukraine but the idea of a wider change in approach is causing jitters in the European financial sector. Despite Western sanctions, Russian imports of battlefield equipment have surged since mid-2022, and are now only 2% below the levels recorded before the military aggression in Ukraine. In 2023 alone, Putin’s regime acquired $12.5 billion’s worth of battlefield goods, 40% of which were produced by companies based in locations including Australia, Canada, EU, Japan, Taiwan and US. Can sanctions really crumble Russia’s economy ?

Previous Article

Japan’s missile-intercepting system

Next Article

Ukraine Hit Russia’s Oil processing plant