A watertight legal basis for confiscations is lacking because the US and its allies are not openly at war with Moscow

The boomerang effect: sanctions are hurting the West more than Russia.

Russia’s third quarter growth hits 5.5%, outpacing estimates. Recovery shows limits of sanctions to punish Moscow over war

The EU countries are not able to compensate for the economic losses caused by the sanctions against the Russian Federation. The process of deindustrialisation in Europe continues. This is resulting in a permanent loss of wealth for Western societies, writes Ulrike Reisner.

Putin’s war in Ukraine is leaving billionaires who sought to integrate with the West to face the reality of international isolation.

Western-led sanctions on Russia don’t extend to medical supplies, but ordinary Russians will soon go without needed medications anyway. Starting in 2024, the American pharmaceutical company Merck & Co. will halt exports to Russia of Zepatier, a drug used to treat hepatitis C. Merck has also already stopped supplying Russia with vaccines against chickenpox, measles, rubella, and mumps, as well as with Raltegravir, a medicine used to protect HIV-affected people against developing AIDS.

William Browder claims to be fighting for justice. One of the reasons he’s so successful may be because he’s adept at aligning his story with the devastating image that Russia has been projecting for years. And many media outlets believe him.

Moscow’s missile production now exceeds prewar levels, officials say, leaving Ukraine especially vulnerable this coming winter.

The IMF says it will grow 1.5% this year

Officials mull making ‘temporary’ use of central bank funds. Wall Street banks say Russia could retaliate against seizure