Make a wish
- Reaction score
The sanctions did not even really start if I remember correctly. I think they are still talking about what they are going to do.
But this can never be good for russia. Its a rather poor country, the economy is hurting lately and now they are alienating the west which could have been a very useful trading partner.
That's true, but even if they're economy is poor, Putin is known not to care too much for his people. He isn't going to lose major trading partners in the West either. Germany gets 37% of their oil from him and other countries get large portions as well.
Obama has put out some sanctions on 20 or so individuals and put 20 more I think today but most of it is visa bans (not sure about asset freezes but I'd assume the people already got their assets out of the country by now).
The issue is, Russia's investors aren't afraid of US sanctions anymore. They did take their money away at march 17 - 19 when the Russian economy dropped heavily, but they soon came back after and Russia's economy is around were it used to be (almost). With the way it looks like now, Russia can keep Crimea and be completely fine economically. Its once they start moving into other parts of Ukraine when they might have to face a war and that's when their economy will tank.