How did Russia avoid economic ruin despite sanctions?


Read Time: 2 minutes

In my opinion, Putin took notes from Iran and began preparing for massive sanctions well before the start of the war.

  • Putin didn’t make Russia overly reliant on trade with the West. Russia had been expanding its economic & diplomatic relations with India, China, Qatar, UAE, Saudi Arabia, Turkey, Ethiopia, Algeria & Egypt in particular for years. Thus, “isolating Russia” would be impossible
  • EU states are still buying Russian gas as most EU states have admitted that completely abandoning Russian gas or oil is completely impossible in a short span of a few months. Hungary in particular has been completely resistant to banning both. And in fact, most EU states are now believed to be buying Russian gas in rubles.
  • Russia is importing less, thereby helping its own elite take over businesses that Western corporations left behind, which does wonders for the job market and economic opportunities
  • Russia never stored all of its wealth and assets overseas. While it did lose access to billions that the West froze, Russia was also smart and kept billions at home. Russia is thus able to repay its debts. The only way it wouldn’t be able to is if the West intentionally freezes Russian payments. Which would be illegal and a hugely dangerous escalation.

The main point of Russia’s current success against Western sanctions is to never make your economy or trade overly reliant on the West. Other rising states such as India, China, Indonesia, Pakistan, & Ethiopia should heed the warning.


Godfred Meba

View Comments

  • Nice post. I learn something new and challenging on sites I stumbleupon every day.
    It will always be helpful to read articles from other authors and use a little something
    from their sites.

  • Howdy! I could have sworn I've been to this blog before
    but after browsing through some of the posts I realized it's new to me.

    Anyhow, I'm certainly delighted I came across it and I'll be bookmarking it and checking back frequently!

  • It's a pity you don't have a donate button! I'd most certainly donate to this
    excellent blog! I suppose for now i'll settle for
    bookmarking and adding your RSS feed to my Google account.
    I look forward to fresh updates and will share this site with my Facebook group.
    Chat soon!

  • It's going to be finish of mine day, however before finish I am reading
    this fantastic paragraph to improve my experience.

Recent Posts

International Day of Yoga: Volta Regional Minister entreats citizens to embrace yoga for its health benefits

By: Prince-Kelvin Setrick The Volta Region’s commemoration of this year’s International Yoga Day has seen…

23 hours ago

Mary Tagba confirmed as Tatale DCE, pledges improved education and youth development

By: Braimah Abdul Majeed The people of Tatale have officially welcomed Mary Tagba as their…

23 hours ago

Hospitals in Nkwanta South has been closed down due to renewed conflict at the area

Nkwanta South municipal hospital and St Joseph hospital, the two main hospitals in Nkwanta South…

3 days ago

Frente POLISARIO UN Representative: Desperation is what leads the occupying state to intensify its hostile campaigns against the Sahrawi people

New York (United Nations), 29 June 2025 (SPS) –Interviewed by Sahara Press Service (SPS) today,…

4 days ago

BBC Revealed that Togolese do not believe ECOWAS serves their interest

The British Broadcasting Corporation (#BBC) reports that a credible survey has revealed that a majority…

1 week ago

The US strikes on Iran will increase nuclear weapons proliferation

Vijay Prashad on why the US attack on Iran was illegal and why the attack…

1 week ago