Hardship on the horizon: Armenia amid sanctions against Russia
Russia’s war against Ukraine has gone beyond the borders of the conflict between the two states and has knocked on the doors of all countries, targeting their economies first. The invasion of Ukraine by Russian troops led to a global economic backlash against Russia in the form of additional economic sanctions. These complement the package of sanctions initiated in 2014 following the annexation of Crimea and the war in Eastern Ukraine. These restrictions are still valid and have already had significant negative impacts on the Russian economy.