Rushed economic sanctions against Russia are not working for Europe

When the West imposed economic sanctions against Russia upon its invasion of Ukraine in February this year, it expected to economically cripple Russia’s economy, especially oil and gas export revenues. Six months after sanctions imposition, it is evident that it is Europe more than Russia that is suffering from impacts of the sanctions.

Recently, as Europe was pronouncing plans to eliminate imports of Russian oil and gas by year-end, Russia was switching off gas supplies through Nord Stream One pipeline months before Europe is fully ready with alternative supplies.