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European leaders tell Putin to agree to unconditional ceasefire by Monday or face ‘massive’ sanctions
(www.theguardian.com)
this post was submitted on 10 May 2025
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It's pretty clear you never looked into it. The Russian economy is massively strained, they got huge problems due to those sanctions.
No doubt, but as a mechanism of applying pressure to get them to stop invading Ukraine, I think you'll have to agree that it's failed miserably. That's what I (and most people) mean by 'working': accomplishing the intended aim. Huge problems or not, the war continues unabated. Why do you imagine doing more of the same would be any more effective?
That's just the normal state of Russian economy