The United States and the European Union have slapped well over 12,000 sanctions on Russia since February 2022 in an attempt to “punish” Moscow for its special military operation in Ukraine. So far, the restrictions seem to have failed to reach their objective to impact Russian economy, with Moscow dramatically expanding its economic, trade and diplomatic links with non-Western countries, while Western officials have privately complained about running out of sanctions they can safely inflict, and scrambled to deal with the penalties of delinking their nations from Russia –including skyrocketing energy prices and spiking inflation.

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