Wednesday, February 28, 2024

What are the sanctions on Russia and have they affected its economy?


The US, UK and EU have announced new sanctions on Russia, two years after its invasion of Ukraine. The measures also marked a week since the death in custody of opposition leader Alexei Navalny. President Vladimir Putin has claimed European sanctions have done Russia no harm, saying: "We have growth, and they have decline." The International Energy Agency says Russia is still exporting 8.3 million barrels of oil a day - having increased supplies to India and China.

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