What is the true cost of sanctions for Russia? Plummeting oil and gas revenues, punishingly expensive borrowing, and the loss of key markets.

It is becoming increasingly difficult for the Kremlin to finance the war against Ukraine. 

Staying the course delivers results.… pic.twitter.com/gVH0OacLXP

— European External Action Service – EEAS 🇪🇺 (@eu_eeas) 17 janvier 2026

What is the true cost of sanctions for Russia? Plummeting oil and gas revenues, punishingly expensive borrowing, and the loss of key markets. It is becoming increasingly difficult for the Kremlin to finance the war against Ukraine.  Staying the course delivers results.

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