RE: More Sanctions on Russia1 Jul 2022 12:49
Don't believe the hype. Taken from the Spectator :-
The answer from the Bank of Russia’s balance of payment data for January to April isn’t reassuring. It showed that the sanctions are emphatically not working, at least not in the way that they were intended. Russia’s current account surplus (roughly speaking: exports minus imports) jumped to an all-time high at $96 billion – almost four times the same period last year. The total balance of goods and services shows an even wider gap: $106 billion, treble that of last year.
The West is hurting more from the sanctions it seems.