How effective are sanctions on Russia?

The White House is preparing to unveil new sanctions on Russia. Rachel Ziemba, adjunct senior fellow at the Center for a New American Security, joins CBS News to discuss how effective the current sanctions have been at applying economic and political pressure on Moscow.

[chrisolga]

USA bought the most oil this year from India. USA bought more than any country. India is buying oil from Russia and reselling it to western countries.

[johnclaudevondon]

Remember when Russias economy wouldn’t be able to last more than a year after the attack? Remember when the Russian were going to run out of soldiers?

[namur-iqih]

The Russian economy expanded beyond expectations last year and is on course for further growth in 2024. Western sanctions on Russia have failed to destabilize the Russian economy, according to Lithuanian President Gitanas Nauseda. Speaking at the Munich Security Conference on Saturday, Nauseda pointed to macroeconomic indicators which plainly signal that the country’s economy remains stable.
Russian GDP climbed by 3.6% in 2023, outpacing both the US and EU, and the country’s authorities expect growth of at least 2.3% this year.

“We have to admit that those thirteen sanctions packages – the thirteenth not yet implemented – basically had a very limited impact on the Russian economy, ” Nauseda stated.

[imperatorvespasian]

Russia is the only growing economy in Europe, thats how awesome they were

[DM_Laf]

Sanctions only have short-term effects! They are actually more destructive for countries that implement them! It's because the country under sanctions has to work hard and find alternative ways to survive and become stronger. While the country that imposes them becomes weaker, especially economically. Also, the country that imposed sanctions creates a long-term enemy for itself. Maybe it is the whole plan of the USA to always have enemies in order to feed the military-industrial complex! Also in that way the politicians draw attention from poverty, drug addicts and other problems in the USA!

[canuck]

Just another reason for countries to stop using the US dollar.

[rbrb]

Many thanks to Russia for fighting US imperialism

[Nicswar]

why ask the west on russian economy and not directly ask the russian people

[skeptic]

Watching the U.S. vetoed THREE UN resolutions for ceasefire in Gaza is perfect example of how Fascism is functioning in the US today.

[ShayneBiggs-ixvp]

These sanctions have mostly only hurt europe..especially germany

[ivanm]

As Russian who lives in Russia I can definitely say that we're more than fine these days and truly independent. We have our own payment system and have no need for VISA or MC. We have a full house of resources, all kinds, while USA and EU is still dependent on some of our resources. Shelves are full of groceries, all other shops and markets are full of everything you need. Sanctions not only "not working", but actually hurting USA and EU more than us. Guys, come on... a country that is trying to control the world by putting sanctions on everything is sees will eventually go under. That worked foe some time when China wasn't that strong, but USSR was strong. Now both Russia and China are strong. And Iran, and even North Korea, which is sending shells to Russia and USA can't do much about. USA and EU (read NATO) is weaker than ever. The world will eventually abandon the use of dollar like it was couple of decades ago and the debt of USA will play its destroying game towards the owner of that debt.

[operator]

America: if you think our problems are bad just wait until you see our solutions!

[vosilerg]

You'd think that America's homeless and impoverished people exacerbated by the growing number of desperate people crossing the border is a more important matter to attend to than making an enemy of Russia.

[plplus]

Russia: Hey EU, wanna hear a joke about my gas?

EU: sure

Russia: nah, you won't get it anyway 😂😂

[vitorlopes]

They are effective on the countries that issue them

[ernestolynch]

Between 50 and 80% of Russian missile components (depending on the type of missile) are made in the USA. So what about "sanctions"?

[goletra]

So effective it plunged Germany into recession

[stockwatcher]

Diplomacy is the art and science of maintaining peaceful relationships between nations, groups, or individuals. Often, diplomacy refers to representatives of different groups discussing such issues as conflict, trade, the environment, technology, or security

[fandyllic]

If Europe doesn’t match sanctions or leaves giant loopholes (which they have), then USA sanctions will be semi-ineffective (or largely ineffective).

[Lexomm]

This wasn't about the Russian economy, it was about the German economy, which was becoming a competitor, and which was on the path to lasting peace with Russia, which would have ended US hegemony and military presence in Europe. End of Debate.