Annalena Baerbock, German Foreign Minister.Florian Gaertner/Photothek/Getty Images Germany's foreign minister Baerbock said sanctions against Russia are not having an "economic impact," per AFP. The EU launched 11 rounds of sanctions against Russia to force Moscow to end the war in Ukraine. But Russia's wartime economy is booming on the back of state spending, confounding economists. Annalena Baerbock, the German foreign minister, is disappointed by the ineffectiveness of sanctions against Russia over its invasion of Ukraine.She recently acknowledged that sanctions against Russia haven't achieved their desired impact."Economic sanctions should have an economic impact.
The Sanctions Against Russia Aren't Working, Says The Foreign Minister Of Germany
htan@insider.com (Huileng Tan), Business Insider
Thu, 08/24/2023 - 10:36pm
Topics: german foreign minister florian gaertner/photothek/getty images germany stephen emergency governing times war afp."we july 10.the european union february kremlin ubs global wealth report business insider baerbock annalena baerbock german russia afp the eu ukraine europe insider economy impact economic booming told rounds launched rational interview state spending lamby economists
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