When sanctions were enacted against Russia in February of this year, many forecasts were of an imminent collapse in the Russian economy. A new report looks at why that hasn't happened.
The EU chief concedes that that getting all 27 member countries — some of them highly dependent on Russia for energy supplies — to agree on oil sanctions will be extremely difficult.
The U.S. joined the European Union and Group of Seven nations in enacting new sanctions on Russia in response to the civilian toll reported in Bucha and elsewhere in Ukraine in recent days.
Sanctions can't stop the tanks, but they have had a dramatic impact on the Russian economy and could pressure President Vladimir Putin to change his behavior, says a former Treasury official.