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  • Los Angeles Times

    Russia has spent years preparing for international sanctions

    by David Pierson and Sam Dean, Los Angeles Times Feb 25, 2022 4 minutes
    Russian President Vladimir Putin meets with volunteers at the Kremlin in Moscow on March 4, 2021.

    SINGAPORE — With no appetite for military confrontation, the U.S. and its allies are relying on sweeping economic sanctions to persuade Russian President Vladimir Putin to pull out of Ukraine.

    But the effectiveness of those measures is anything but certain, relying on a host of factors that includes how much China is willing to come to Moscow’s aid.

    Placing a stranglehold on Russia’s $1.5 trillion economy will not be easy, especially since it began trying to buffer itself from international sanctions after it annexed Crimea from Ukraine in 2014.

    Russia has sidelined growth to pare down its debt and built up its reserves of foreign currency and gold — so much so that it reached record levels

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