Russia's economy is still working but sanctions are starting to have an effect
Despite unprecedented sanctions, Russia's economy is still functioning and it's still attacking Ukraine. That's led to questions about whether the sanctions are effective.
In the past year, the United States and many of its allies have slapped a massive level of sanctions on Russia over its invasion of Ukraine.
Prominent Russians, including oligarchs and officials close to Russian President Vladimir Putin, as well as the country's banking, energy and manufacturing sectors and access to global trade have all been targeted.
Yet despite the sanctions — considered in terms of scope, speed and coordination — Russia's economy is still functioning, and the Kremlin is still waging war against Ukraine. That's led to questions about whether the sanctions, analysts say these measures are causing damage and could have deeper impact going forward.
