Russian sanctions slow to bite as US officials admit frustrations over pace of pain in Moscow
Written by Black Hot Fire Network on September 16, 2022
Russia's economy still shrunk by about 4% between April and June as compared to the same period last year. But that's nowhere near the 15% decline that some had expected earlier in the year.
"We were expecting that things like SWIFT and all the blocking sanctions on Russia's banks would totally crater the Russian economy and that basically, by now going into September, we'd be dealing with an economically much more weakened Russia than the one that we are dealing with," said one senior US official, referring to the US and European decision . . .
