Russia adapts to sanctions with alternative payment networks while continuing oil exports, raising questions about their impact on Ukraine war
Western sanctions have restricted Russia’s access to SWIFT and international wire transfers, but Moscow has increasingly turned to alternative payment networks and stronger financial ties with BRICS nations.
Oz Sultan of Sultan Interactive Group argues that Russia continues to export oil and keep its economy moving despite the restrictions.
The shift raises questions about how effective Western sanctions have been in limiting Russia’s ability to finance its economy and sustain the war in Ukraine.
As Russia builds alternative trade and payment channels, the long term impact of sanctions remains a key question for policymakers.
