Will EU Sanctions Produce a Winner and a Loser?
The feedback effects of sanctions on European economies have yet to be fully revealed. The sum of these effects, the so-called “boomerang effects”, will indeed only be known within a year. It could turn out to be far greater than the effects on Russia. In the long term, Russia may well do well while the EU, mired in thoughtless support for Ukraine, may have to pay a prohibitive price, writes Valdai Club expert Jacques Sapir.