Economic impact of EU sanctions on Russia
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The sanctions have substantially impacted Russia's economy, leading to a GDP drop of 2.1% in 2022.
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Sanctions have also targeted Russia's military capabilities, contributing to a permanent degradation of its military strength and impacting its ability to resupply during the conflict.
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A key aspect of the sanctions has been their effect on Russia's financial system, notably the blocking of €300 billion of Russian Central Bank reserves by the EU and its partners, hampering Russia's ability to finance the war.
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