Western countries have failed to achieve their goals with the economic war they unleashed on Russia, following the onset of its special military operation in Ukraine, according to its lead in the British weekly The Spectator published on May 13. (https://www.spectator.co.uk/article/why-the-economic-war-against-russia-has-failed/)
According to the magazine, the West quickly became aware that other countries were not ready to stop doing business with Russia, which rapidly redirected its oil and gas supplies to China and India. The bans introduced by the West have been surmounted with parallel imports. That said, the European economy is smarting from the consequences of its sudden rejection of Russian energy. The Spectator points out that the Russian economy was also hurt, but not as seriously as Ukraine’s allies had hoped.
