Maria Malmer Stenergard argues the West should not overestimate Russia’s economic strength. She says sanctions have cost at least $450bn, energy revenues have plunged and growth forecasts have been cut, suggesting the economy is more fragile than official figures imply. With heavy war losses in Ukraine and rising recruitment costs, she urges the European Union and G7 to tighten maritime sanctions on Russian oil exports to force Vladimir Putin toward negotiations.
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Maria Malmer Stenergard argues the West should not overestimate Russia’s economic strength. She says sanctions have cost at least $450bn, energy revenues have plunged and growth forecasts have been cut, suggesting the economy is more fragile than official figures imply. With heavy war losses in Ukraine and rising recruitment costs, she urges the European Union and G7 to tighten maritime sanctions on Russian oil exports to force Vladimir Putin toward negotiations.