Russia adapts to US sanctions, limiting their impact, report finds

A new report by researchers from Harvard and the Peterson Institute reveals that Russia has adapted to U.S. sanctions imposed after its invasion of Ukraine. They argue that earlier and stronger sanctions could have been more effective. The report highlights that Russia learned from previous sanctions after the 2014 Crimea invasion. It also notes that the lack of participation from major economies like China and India weakened the impact of the current sanctions. Despite over 4,000 sanctions targeting Russia, the economy has shown resilience. Russia has circumvented a $60 price cap on oil exports by using its own fleet of tankers, avoiding Western services.