In brief
Nearly three years of sanctions have been enforced on Russia due to its invasion of Ukraine, but their impact remains debated. President-elect Donald Trump suggests a change in approach, raising concerns on the sanctions' effectiveness moving forward.
Thousands of sanctions have targeted Russian banks and businesses since the beginning of the Russian-Ukraine conflict in 2022. With President-elect Donald Trump preparing to take office, discussions about these sanctions' effectiveness are getting more intense. Trump has signaled he prefers to use sanctions minimally and aims to end the war rapidly.While some experts initially believed that these economic restrictions would quickly weaken President Vladimir Putin’s administration, the reality is different. Putin remains firmly in control and continues to affect Ukraine militarily. The notion that sanctions would swiftly resolve the war was overly optimistic, according to Sergei Guriev, a Russian economist and dean at the London Business School. As the U.S. transitions government, the future impact of these sanctions is still uncertain, leading to ongoing debates about their actual value in negotiations.
