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Kremlin says it expects more sanctions, but they will hurt the West too

The Kremlin said on Thursday that it expected the West to impose ever tougher sanctions on it over the war in Ukraine, but that there was a growing sense that such penalties hurt Western interests while Russia's economy was adapting well. President Vladimir Putin is girding the $2.1 trillion economy for a long war and Western hopes of stoking a swift Russian economic crisis with some of the toughest sanctions ever imposed have not been realised. The International Monetary Fund forecasts Russian growth of 2.2% this year - faster than either the United States or the Euro area - though the Fund last month lowered its forecast for 2024 growth to 1.1%. ....

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Russia's Economic Crisis and U.S.-Russia Relations: Troubled Times Ahead

Russia's revenues from oil and natural gas are enabling its aggressive and often anti-Western foreign policy. Russia's falling economic performance has toned down Russia's rhetoric, but has not drastically changed Russia's foreign policy narrative, which remains decidedly anti-status quo and implicitly anti-American. The U.S. needs to devise incentives for steps that facilitate Russia's integration into global markets, but deny benefits if Russia continues to pursue anti-American policies or refuses to enact the needed changes. ....

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