How useful have the EU’s financial sanctions on Russia been?

<div>When the sanctions against Russia were first implemented, <a href="https://www.bruegel.org/people/giuseppe-porcaro">Giuseppe Porcaro</a> invited <a href="https://www.bruegel.org/people/nicolas-veron">Nicolas Véron</a> and <a href="https://www.bruegel.org/people/elina-ribakova">Elina Ribakova</a> on The Sound of Economics to discuss the <a href="https://www.bruegel.org/podcast/sanctions-russia-two-months">possible implications</a> of those sanctions.<br> <br> On 24 February, it will be one year since the invasion of Ukraine. As this anniversary approaches, they revisit this topic to reflect on how effective the sanctions have been, its implication on the international financial and banking system and how Russia has responded to the sanctions. <br> <br> Check our special podcast series, <a href="https://audioboom.com/playlists/4634636-war-in-ukraine">War in Ukraine</a>, which reflect on the implications of Russia's war in Ukraine in EU energy storage, macroeconomic implications, international finance system and more.</div>