Russia faces new sanctions, but they’ve all looked like ‘more bark than bite’

The U.S. and its allies have rolled out fresh sanctions against Russia this week, but the effort is sparking new discussion about how all of the unprecedented sanctions haven’t been hurting the country as much as expected. The moves over the past two years in response to Moscow’s invasion of Ukraine “have been more bark than bite, both for the Russian economy and the ruble USDRUB, , ” said Terry Haines, founder of Pangaea Policy, in a note. He added that “there&rsqu