Sanctions Didn’t Stop Putin

In some sense, sanctions are working. But they are not enough. Indeed, with the rise in the price of gas and oil, Putin has even profited from his invasion.

Based on a Helsinki-based Centre for Research on Energy and Clean Air (CREA) study, the EU has daily transferred $730 million to Putin’s war machine, which is roughly four times more than Russia’s daily military spending. But in the long term (2 to 4 years), the EU sanctions will be catastrophic for Putin.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Jakub Ferencik

Jakub Ferencik

Author of “Up in the Air” & “Beyond Reason” available on AMAZON | MA McGill Uni | Research assistant for EUROPEUM Prague | 500+ blog posts with 1+ mil. views