On Sunday, Moscow downplayed the importance of a ‘sweeping’ new round of more than 100 sanctions imposed by the U.S. over the war in Ukraine.
The Kremlin is saying Washington ‘shouldn’t hold its breath’ in pressuring the Kremlin to stop the offensive, further adding that ‘they will never defeat us.’
The IMF projections suggest it may indeed be the case, as Russia is expected to post bigger economic growth than its US and EU foes.
The sanctions target ‘Russian energy production and revenue, the metals and mining sectors, defense procurement, and those involved in supporting Moscow’s war effort’, according to a statement by the U.S. Treasury Department.