Despite the unprecedented sanctions, Russia should have enough financial resources to continue the war in Ukraine for at least another year. A data breach from a US intelligence report should prove this fact.
Senior officials, state institutions and companies felt the effects of the restrictive measures that followed the Russian invasion of Ukraine on February 24, 2022. However, they maintained their flexibility and tried to adapt to the new circumstances.
Officials behave loyally
And while some representatives of Russia’s business elite may disagree with the Kremlin’s Ukraine policy and the sanctions have hurt their businesses, they will continue to support Russian President Vladimir Putin, the intelligence report said, Washington’s largest newspaper said. The Washington Post. .
Loyalty is highly valued in Russia – and many accept great personal loss for it. According to the document, Russian authorities are relying on higher corporate taxes, resources from the National Prosperity Fund, an increase in imports and the ability of companies to adapt to deal with economic pressures. For those familiar with Russia, this is not a surprising development: for the Russian people, tried and tested in crises, creativity, the capacity to suffer and finding loopholes are a kind of survival strategy.
Sanctions should send a signal
The Washington Post also notes that the intelligence report fails to reflect the effectiveness of recent restrictive measures and the long-term consequences of Russia’s oil price cap. It is also pointed out that sanctions do not only serve to cause major damage to the economy. Their purpose is also to send a signal to the Russian elite.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
