As Russia’s invasion of Ukraine enters its seventh month, the economy of the Russian Federation has shown some measure of resilience in the face of Western sanctions. However, the future remains uncertain for the Russian Federation, with sanctions from the Western bloc taking their toll on the lives of ordinary Russian.
In the days and months ensuing from the invasion on February 24, the nations of North America and Western Europe responded with a series of economic sanctions intended to incapacitate the Russian economy. These sanctions have indisputably affected the economy of the Slavic giant, but some experts believe that the economy has proven somewhat resistant to economic isolation, suggesting that Russia may be in a better fiscal position than many expected when the sanctions went into effect….