Western sanctions on Moscow are working, says Russian economy veteran

Russia’s economy was on track to expand by five to six per cent in 2022 had Western sanctions not derailed growth for years and ushered in a period of technological stagnation, Russian economy veteran Oleg Vyugin told Reuters.

Vyugin said there had been no catastrophe, with the sweeping sanctions imposed against Moscow over the conflict in Ukraine being only 30 to 40 per cent effective as Russia has found ways to overcome restrictions, but he warned of serious problems should…