Sanctions having ‘significant impact’ on Russian economy, says EU special envoy

Exclusive: David O’Sullivan says war-based economy may be nearing point of becoming ‘unsustainable’Western sanctions are having a “significant impact” on the Russian economy, the EU’s sanctions envoy has said, ahead of the fourth anniversary of Moscow’s full-scale invasion of Ukraine.David O’Sullivan, a veteran Irish official, said sanctions were “not a silver bullet” and would always face circumvention, but insisted that after four years he was confident they were having an effect. Continue reading...

Sanctions having ‘significant impact’ on Russian economy, says EU special envoy

Exclusive: David O’Sullivan says war-based economy may be nearing point of becoming ‘unsustainable’

Western sanctions are having a “significant impact” on the Russian economy, the EU’s sanctions envoy has said, ahead of the fourth anniversary of Moscow’s full-scale invasion of Ukraine.

David O’Sullivan, a veteran Irish official, said sanctions were “not a silver bullet” and would always face circumvention, but insisted that after four years he was confident they were having an effect. Continue reading...

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