the sanctions speeds up the demise of petrodollar

I live in Moscow, and almost nothing has changed: all the goods are available, including iPhones, Legos for my kids, Adidas and all other Western brands. Most of the food is produced in Russia, so grocery stores and supermarkets are full: you can see many videos made by foreigners living in Russia showing Russian supermarkets. The biggest sanction for me personally was the departure of IKEA: they made some good stuff like transparent boxes and furniture that I liked 😢

If Russia says sanctions are failing, they should be happy instead of yelling about sanctions.

Russia should be able to develop its own products . The sanctions would help Russian to rethink about working hard to develop its own products . Sanctions on Russia is like imposed sanctions on the whole world .

I went to McDonald's in Moscow today, ordered a phone on Aliexpress, I watch KZfaq without advertising about terrible sanctions

What is the purpose of these sanctions? I thought the purpose was to stop the war in Ukraine. If we are talking that we will see the results in the future,is it that we expect this war togo forever? I notice that the narrative shifts now from “stopping the war” to “it will hurt Russia in the future”.

Not sure about Russia’s economy, reality is we’re paying double for groceries and fuel here in the west!!

Not by a long stretch. Europe is buying Russian oil from third party at record high prices.

Thank you DW!! Reporting here, is getting (in my opinion) better and better, as well as qualitative better! Weiter so!!🎉

Russia has strong economically, traditionally relationships with India and China. Both countries are developing countries.

They are working, Europe see effects of it

TLDR: Yes, the sanctions are working.

Are there really so many European goods with no substution ? The factory of the world is China not Europe. According to Australian ASPI Tech tracker, China leads in 37 of 44 critical tech categories and second in 7 categories. Actually Europe hurts much more to be without Russian imports (oil, gas, fertilisers, grain, palladian, a whole range of metals ..., enriched nuclear fuel, diamonds ...) than the other way around. In any case all economies adept. Both EU and RU will learn to live without each other as in any divorce in the world. You remarry and life continues does it not ?

the world is changing, isolating a country is much difficult especially a super power. the fact that it has partners like China and India who tech leading countries its almost impossible to isolate them. The West introduced two types of sanctions, long and short terms. we can safely say Russia has outwitted the short terms, for long terms it remains to be seen. otherwise for a country that is so rich in minerals, oil, gas and food its almost impossible to isolate it. another thing is that, these sanctions dont only hurt Russia, they hurt the EU too. one positive thing is that these sanctions will make Russia more self sufficient in both trade and its tech industries.

Are you sure sanctions don't work? What about 20% discount on oil for India? 3 large ports in the Baltic Sea for tankers are blocked at 30% because they do not get insurance. 30% of income has disappeared. The pipeline to China was built with a loan from China). So, for now, selling oil in this direction is not profitable. In addition, the production of crude oil and petroleum products fell by 25%. New EU oil sanctions came into force in December and will be demonstrated on paper in 2024. Russia will feel the reduction in the budget. The sale of liquefied gas was contracted in 80%, even for factories that were just being built. Now, because of the sanctions, Russia cannot finish the construction because it does not get the technology. These projects will not be implemented: Sakhalin-1 project Exxon Mobile withdrew from the project and did not provide offshore gas drilling technology. The topic is over. Russia does not have its own technologies, hence international cooperation has been established. Sakhalin-2 Shell withdrew from the project and did not provide offshore drilling technology. The topic is over. Deliveries to China are already written into contracts, and construction will not be completed. Is it good? Nord Stream 2 blew up, which means ZERO gains, only losses. Europe is already importing oil from other directions this year. Russia lost the market which was paying the most. Further losses will be demonstrated in 2023-24. Production in the car industry collapsed. A huge number of assembly plants are at a standstill. Along the entire line Vorsino-Obninsk-Maloyaroslavets, companies supplying the Moscow market are laying off people and suspending their activities. There is no other work in these cities. Production in Kaliningrad drops completely. Avtator cannot produce without Western supplies. 200,000 machines per year. 250,000 cars a year in Kaluga. Components for production in St. Petersburg are delivered by container ships of Western companies. They withdrew. The same applies to the insurance of these goods, it is no longer available. The losses will come to light in 2023-24. Jelabuga - Ford withdrew from cooperation. The more modern the car, the more imported parts it has. Russia is part of the global market. Sanctions block companies and data will be visible this and next year. Electronics for the aviation industry does not come from Russia, but from the West. Data will be released at the end of this year and in subsequent years. Loses coming soon. All railroad factories depend on imports from the west. Petrochemicals depend on Western supplies and technology. Iron and steel metallurgy exports 50% of its production to the west. Closed markets to the EU mean the closure of steelworks. Boeing dropped titanium, which means the cities of Verkhnyaya Salda and Berezniki are losing their main customer and other potential customers are in the west. There are many single-industry cities in Russia. Copper is not yet affected by sanctions, but that may change this year. Russia itself has banned grain exports ))) (and their biggest recipients are Turkey, Egypt, and Iran)))) ! Now a special committee will be formed to decide where grain can be exported. This is regulating the market with a hammer. Communism is coming back to Russia and will ruin them again. The Kremlin is taking control of the free market and Russia will pay for it in a few years. The Russian government is banning price rises as if it had control of the market. The market does not listen to politicians and the economy is governed by its own laws. This is a delayed-ignition mine. It's almost war communism. There are many other topics but I have no time. The Russian economy will suffer and only crazy right-wing sites are stating otherwise, of course, Putin's Gov is the first propagandist. All these lies will not help the economy. Russians will suffer, Kremlin's billionaires will be just fine.

Sanctions don't do what they are intended to. I grew up in Apartheid South Africa. Aside from sports we did not miss much. Import substitution, back door deals, basic ingenuity, reverse engineering, product substitution, local manufacturing, etc all negate sanctions. Sanctions cause SA to develop its own atom bombs, its own armaments industry, coal to gas to oil refining, car assembly, IT independence and local assembly, improved repair skills. Best part? No McDonald's.

The longer I watch different media, the greater effects of sanctions I see in Europe. Prices are incredible for everything!

No Reebok (parent company adidas) and Levi’s are still selling stuff in Russia

The topic should be, How Russian sanctions affected the West's economy.

45% drop in hydrocarbons exports, 45% drop in VAT revenues. Enough said. This is a complete collapse in the making.

Just like when some Westerners told me that China is a country without resources 🤣

great reporting!

DW, next time bring us 15 years old to discuss sanctions.

No

Sanctions is partly another way of making yourself look tough and strong, but in reality you fooling yourself

Thank you Kazakh traders for charging extra shipping and taking a profit. Please take more if you want to.

If Russia is running low on key supplies, why is everyone saying Russia will go after more countries is Ukraine doesn't finish Russia?

Not once did they say what impact the war has had on the economy of Europe, and the protests that are taking place there!!

The sanctions don't mean anything especially with a powerhouse with Russia and China

The notion that Russia is successfully evading Western sanctions through the development of alternative trade routes is a fallacy. While there may be some superficial appearances to this effect, the reality is that the impact of sanctions is multifaceted and cannot be fully mitigated through such measures. Rather, sanctions are a key tool of diplomacy that serve to send a clear message to a targeted country, while also creating pressure for long-term change in its foreign policy behavior. Ultimately, the efficacy of sanctions on Russia will depend on a range of contextual factors, including the country's capacity to adapt and the geopolitical landscape of the region. However, their immediate impact is already being felt through reduced economic activity and limited access to international markets and financial systems.

The actual effect of sanctions are felt by European 😂😂😂

Sanctions are meant (or should be meant) to make it more difficult and less profitable to do bad things. Sanctions never stop a country from doing something it really wants to do, but at least it can't do that thing without cost.

Basically investment is down significantly so it's industrial base is hurting, effects take time to see.

Freedom to Scotland and Northern Ireland's 🕊️🕊️🕊️🕊️

Dw should worry about German economic and growth instead Russia honestly..

May be we need to define or find consense over the measurable definition of “work” in the question “do the sanctions on russia work?”

Both the interviewer and interviewee are so knowledgeable and articulate making the report so productive. Thank you DW!

I just came back from Volgograd, sanctions didn't do jack.

Still see Europe buying,oil ,gas ,coal, nuclear material etc 🤣 meanwhile china ,India ,Saudi ,Japan buying Max leveles of Russian oil ,Russia made more profit after war started

Russia 🇷🇺 russa not Afghanistan Iraq Syria Libya Somalia Iran

i thought Russia ran out of ammo 100 times

answer is no, everyone still sells everything there

Sanctions hurt both sides .

Cola didn't left Russia. Only changed bottle and brand - now it's calles Добрый. You can compare lables of old and new bottles in internet - same info, same facilities. Almost same price

Its like when the cool kids tries to bully someone but the whole classroom supported the bullied kid.

Putin is not going to miss out on his wines and caviar it's the ordinary people that will suffer

Working what exactly? Stopping the war?

Really excellent DW. You take the issues to a higher level. I am very pleased!!!

Over 12,000 economic sanctions imposed on Russia have had little or no effect on their overall economy. In fact, they've only backfired on Western countries instead.

Let see who's economy will crash first...🤔

Good discussion but was also hoping for Professor Sonnenfeld's prospect on this!!!

Sanctions have never worked anywhere.

These 11 rounds of sanctions is more a filter to cherry pick Russian import (eg energy, nuclear fuel, fertilisers) rather than to suffocate Russia (total ban). A total ban would require just 1 round, not 100 rounds !! The fact that Russian trade surplus with EU for 12 moths since Feb-2022 was 180B$, suggests it's a game of moral charade.

Good talk.

Most the debate focuses on third countries..remember 85 % of world population does not need to comply with these so called sanctions ..

Russia has india and China. that's half the world

All great questions we hope the EuroPolice is enforcing/investigating

As long as there countries taking advantage of the Russia-Ukraine war, as long some nations can sanction without having the desired effect. Why not making a report about economic winners of this war?

They always said "it took years before russia finally feel the impact of sanction" but here are few problems: 1. Are you sure there will still be Ukraine in next few years? 2. Are you sure the european economy can sustain in next few years? Lets not forget the eu, especially germany is bleeding as they have to provide a greatly subsidized energy to their people? 3. Are you sure China, India, Turkey will stop buying Russian oil and gas in next few years? 4. Are you sure the smuggling activity will be stop in next few years? Otherwise it will be a wishful thinking considering sanctioned countries like Iran, Cuba, Venezuela are still standing as today.

Yes they are! All the new friendships being formed wouldn't be happening otherwise! Russia/China/Iran for example and all the OPEC Countries, BRICS, etc

Is it my imagination but was there no German - English translation in the clip at 12:00?

Totally wrong focus. Focus your energy on businesses and countries who try to circumvent these sanctions

Talking nonsense. You overestimated your importance.

Good independent News.

During Lockdown with no job, I have been bored using my ding dong all the time.

The "pain killer" is actually for EU people who be eased with the word, "will take effect for the long term." Which this claim has no basis on how the sanction mechanism will work for the long term. In a simple explanation: Russia do have more resources than EU + US combined. Russia did managed to get new buyers for their products. Russia's buyers did find ways to buy products that the west has imposed as 'prohibited to be bought' in the wrap of 'sanctions'. DW may denounce the reality, but may never denounce the consequencies of reality. The only logical explanation for 'sanction works!' is the denial to Russian sucesses.

Never forget stuff always finds where the money is.

If sanctions are meant for citizens especially the vulnerable ones and immigration, then they have a very high success rate. They seldom affect the intended targets

It's easy to ignore the fact that there is an economic downturn in the world economy...even in Germany! We must, therefore, compare the Russian economy not with where it was but where it might have been. Similarly, there is a question about how much damage is being done by sanctions to those applying them. Let him discuss. as well, the demise of Silicon Valley Bank in the US and what effect that will have for the US economy over time. Forecasting doom is always easy. Saying when it will occur is much more difficult and time is of the essence for the Russo-Ukrainian War.

Whilst Russia was tied to the west, it was being used and kept down but now they have been set free. Sanctions are a problem whilst in transition for Russia and the West but the reality is there are longer term solutions on the horizon for both sides. A new financial system is being developed outwith the west, new trade routes and pipelines are being built and cheap energy to developing countries newly networked into Russian orbit will boost trade. Russia will suffer in transition but by 2026 I see all positives for the future because it will have no dealing with the west at all and the rest of the world will be modernising.

If Turkey is involved too then they should be held accountable.

长期会有效，尤其是对能源的依赖 It will work in the long run. Especially gas dependency. keep up

Explain how coca cola, Pepsi co, Levi's and reebock just some of the companies that said they are pulling out but are yet still selling their products under a different name, THE SANCTIONS ARE A JOKE

Perhaps one should redefine the crime of treasson to include companies working against the country`s interests in times of conflict.

Shops and markets are overflowing with goods

You can't keep china under the thumb pressed down for long. This guy will probably cry then.

Sanctions are applied against Cuba, Iran and North Korea since 40-60 years. No substantial results so far.

Sanctions only benefited the US. LNG exports rose 60%. Etc. Etc. EU is the 51st state of US .

Russian Tanks have a big Z on them. US tanks should have a big M on them, for McDonalds.

The jaguar who ate his own tail to "outsmart" his own hunger lost more than his balance.

Development of new trade and reserve currencies , alternative payment systems and new multilateral groupings independent of the west . That's what is going to happen

Sanctions will never work if, for example, a French corporation opens new markets in Russia, and a German concern closes a brewery in one EU country and introduces 90 new products in Russia. Due to the greed of corporations, sanctions are doomed to fail in the long run.

If China added the removal of all sanctions as part of their peace proposal then I'm thinking that they would. The effect of this war on Russia will be even more apparent in the years after the war when international investors will stay out of Russia. Russia will be a pariah state for decades.

Praise to both *Michael Rochlitz* for delivering interesting insights, but also to DW News for a change as they're bringing up a topic that in general should've been discussed and handled *way more frequent* and in-depth up till now. For quite a while it's been obvious that the sanctions are hitting Russia hard. Therefore it's beyond me and mindboggling that the networks *STILL* has daily news segments where they pose the eternal question _"Why aren't the sanctions on Russia working?"._

Smartphone producers should bake into the firmware a check for russian telco's and automatically brick those phones if these want to access such networks. That is very easy to do for Apple or Google or Samsung et al.

Of course sanctions are working. So many people seem to think sanctions take immediate effect. It doesn't work like that. It's like falling from a tall building, you're just fine during the fall, it's the impact that gets you. This analogy should be meaningful to Russians given all the defenestration they experience. 🙂

Ok so there were no subtitles on the Finance minister's portion. Can y'all fix that? My German is too weak to keep up with ANY of what he said.

Just double the price of products in those countries in tariffs

Enforcing sanctions would be much easier if the authorities stopped punishing corporations and instead punish the people and corporate owners personally. For every circumvention, a few people need to lose most of their wealth end up in jail. That would shut the circumvention down very quickly. Just fining a corporation isn't enough.

Great discussion and excellent guest from academia Please do not interrupt the guest Thank you RS Canada

RuZZians: "Sanctions don't work. But, please lift them already.".

the answer is no. buts jokes on the European Union LOL

Russian is food /energy self-sufficient no sanction can hurt them if a country has those 2

DW News is worldclass journalism. Thank you for existing

I like this couple.

Why no translations?

Russia is doing fine.. says Russia

The problem is that while sanctions will have a huge impact on the Russian economy, that this won't help much to bring the war to an end. Russia will adapt by using weapons systems that it can still produce, it will import artillery from North Korea and drones and missiles from Iran. The cooperation between Iran and Russia is mutually beneficial; as Russia is able to evade certain aspects of sanctions that Iran isn't able to, while Iran is able to evade other aspects of the sanctions it is under. If they collaborate they may be able to produce weapon systems that neither can on their own due to the sanctions that they are under.

Watch Russians showing their full supermarkets on KZfaq. Missiles vs sanctions was never going to work.

I mean, their major profit is oil. Their factories are hardly keeping up because they too need western parts and engineers. It's not as efficient and they still require parts. Precise parts. They are making money, but not really making as much of a profit as they did before the war. Many equipment, however, that are exported to Russia are obviously from Iran, China, and North Korea. Either weapons or equipment for war vehicles, but for economy, mostly China is covering for them. An investment because if China let's Russia lose, they'll lose a lot of profit they have been already investing in.