Are Sanctions Hurting Russia?

Source: The American Conservative
by Dimitri A Simes

“More than three months after sanctions were imposed, life in Russia has a surprising air of normalcy. Following its initial plunge, the ruble has recovered all of its pre-war value and then some …. Moscow’s restaurants, cafes, and bars are as packed as ever. Although grocery prices have noticeably increased, supermarkets are still fully stocked with a wide range of products, including foreign snacks. The biggest difference can be seen in shopping malls, where some Western-owned stores have closed their doors. Nevertheless, local and Asian brands are continuing to work as usual and appear to have a fair share of clients on any given day. Are these signs that the Russian economy is quickly stabilizing or is it merely the calm before a storm?” (06/13/22)