A Yale University study from July 2022 claimed the sanctions, which targeted a sweep of industries and trades, were “catastrophically crippling” the Russian economy, citing the ruble’s collapse and mass exodus of Western firms.
Its GDP - an indicator of economic health measuring the total value of goods and services a country produces - is predicted in a Reuters poll to rise 0.7% this year, all the while other European economies splutter and stagnate.
“There are plenty of gaps in the existing sanctions regime,” Tom Keatinge, Director of the Centre for Financial Crime and Security Studies at Royal United Services Insitute, tells Euronews.
While these are ostensibly to pay for energy imports that are still allowed in some cases, Keatinge says transactions are “very hard to police”, suggesting payments for oil and gas could mask purchases of other items, such as high-tech military goods.
“If you block off trade by one route, it just finds another way,” details Harrison, citing a historical example of World War One where exports were “simply rerouted” through neutral European countries after Britain imposed a naval blockade on Germany.
Led by ultra-nationalist Viktor Orban, Hungary has gained notoriety for continuing to purchase Russian energy, while some worry sanctions fatigue is gripping Austria, with one political party saying last October restrictions should be put to a referendum.
The original article contains 1,195 words, the summary contains 221 words. Saved 82%. I’m a bot and I’m open source!
This is the best summary I could come up with:
A Yale University study from July 2022 claimed the sanctions, which targeted a sweep of industries and trades, were “catastrophically crippling” the Russian economy, citing the ruble’s collapse and mass exodus of Western firms.
Its GDP - an indicator of economic health measuring the total value of goods and services a country produces - is predicted in a Reuters poll to rise 0.7% this year, all the while other European economies splutter and stagnate.
“There are plenty of gaps in the existing sanctions regime,” Tom Keatinge, Director of the Centre for Financial Crime and Security Studies at Royal United Services Insitute, tells Euronews.
While these are ostensibly to pay for energy imports that are still allowed in some cases, Keatinge says transactions are “very hard to police”, suggesting payments for oil and gas could mask purchases of other items, such as high-tech military goods.
“If you block off trade by one route, it just finds another way,” details Harrison, citing a historical example of World War One where exports were “simply rerouted” through neutral European countries after Britain imposed a naval blockade on Germany.
Led by ultra-nationalist Viktor Orban, Hungary has gained notoriety for continuing to purchase Russian energy, while some worry sanctions fatigue is gripping Austria, with one political party saying last October restrictions should be put to a referendum.
The original article contains 1,195 words, the summary contains 221 words. Saved 82%. I’m a bot and I’m open source!
I don’t like this. Especially that these summaries tend to rise to the top.