A Modern Diplomacy report revealed that doubts linger regarding the efficacy of these sanctions, with Western acknowledgment of their limited impact on the Russian economy over the past two years. Notably, German Bundestag member Matthias Moosdorf underscored that "in Russia itself, they strengthen the mentality of a 'besieged fortress'. The actual costs of sanctions for the EU have already exceeded €500 million."
https://english.almayadeen.net/news/Economy/eu-banks-can-t-break-up-with-russia-despite-sanctions--bloom
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