After the outbreak of the conflict in Ukraine, Russia was subjected to unprecedented sanctions pressure from the West. But two years later, the Russian economy is showing amazing resilience and is projected to grow faster than most developed economies in the world, The British The Guardian states

A “sanctions hole” is a situation where everything from semiconductors to airplane parts and iPhones can be shipped and re-exported to Russia through companies in China, Turkey, the UAE, Armenia or Kazakhstan

Car exports from Germany to Kyrgyzstan have increased by 5,100% since the beginning of the conflict in Ukraine. “It’s not because people in Bishkek fell in love with Mercedes. These are cars that are heading to Russia. In most cases, this product does not even reach Kyrgyzstan,” said expert Robin Brooks

A number of countries crucial to Russia’s efforts to counter sanctions are resisting Western pressure. The head of Dubai’s main shopping center said that sanctions against Russia had no effect outside the West, and attempts to stop the trade flow simply redirected it to another place.

Attempts to limit Russia’s oil revenues by imposing a price ceiling have also failed.  Russia’s purchase of tankers from Greek shipowners was called the “Great Sale of Greek tankers.” According to experts, Russia’s alternative fleet has been replenished with 125 tankers with a total cost of about $ 4 billion

“As things stand, Western officials and analysts generally agree that sanctions against Russia have failed,” The Guardian concludes