On Jan. 20, the EU Commission tweeted the following: “When Putin started his brutal war against Ukraine, the EU moved quickly and decisively. We have imposed nine rounds of heavy sanctions against Russia, crippling its ability to finance the war.” (https://twitter.com/EU_Commission/status/1616386265200328707)
That same day, one could read data on the Russian economy, thus summarized by Italian economist Michele Geraci:
