Back to today’s briefing

Story perspectives

Russia Faces Economic Crisis Amid Tightening Sanctions

1/11/2025

50 8

Summary

Story summary

Sanctions against Russia are tightening, sending shockwaves through its economy. With Russian banks cut off from SWIFT and gas exports to Europe dwindling, the ruble is plummeting and inflation is soaring. Experts warn that these pressures could trigger a real estate market collapse by 2025, deepening the nation's economic woes.

History

Historical Context

Sanctions against Russia intensified following its 2022 invasion of Ukraine, echoing earlier sanctions imposed after the 2014 annexation of Crimea. These measures target key sectors, including finance and energy, crippling the economy. Historical sanctions have often aimed to alter state behavior, yet their effectiveness remains debated, as seen in past sanctions against Iran and North Korea, which failed to achieve their objectives.

1 of 2

Story summary

Sanctions against Russia are tightening, sending shockwaves through its economy. With Russian banks cut off from SWIFT and gas exports to Europe dwindling, the ruble is plummeting and inflation is soaring. Experts warn that these pressures could trigger a real estate market collapse by 2025, deepening the nation's economic woes.

1 / 2