Russians are getting richer despite Western sanctions and a costly war in Ukraine, new figures suggest.Since the invasion of Ukraine in February 2022, the U.S. and its allies have subjected Russia to a comprehensive set of sanctions and embargoes, intended to both hamper its military and provide the economic squeeze necessary to push Putin towards withdrawal.
Cuncliffe spoke to Newsweek about the World Bank's report and the potential dubiousness of Moscow's figures, saying: 'Although economic data are always subject to revision, almost all the evidence now points to the fact that Western sanctions have been a miserable failure.