‘Fortress Russia’ to withstand sanctions but cracks appear

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‘Fortress Russia’ to withstand sanctions but cracks appear

PA_Putin_575x375_04Feb2021
Russia: Russian President Vladimir Putin, holds a face-to-face meeting with the Minister of Economic Development Maxim Reshetnikov at the Kremlin February 4, 2021 in Moscow, Russia. The working meeting discussed the food market and the grain sector, as well as economic development in 2020. (Credit Image: © Mikhail Klimentyev/Kremlin Pool/Planet Pix via ZUMA Wire) | Mikhail Klimentyev/Kremlin Pool/Zuma Press/PA Images

The spectre of imminent US-led sanctions against Russia has reappeared following the controversial imprisonment of opposition leader Alexey Navalny. While some say “Fortress Russia” will survive with or without sanctions, others believe the country’s already isolated capital markets and its access to funding could come under intense strain, writes Mariam Meskin.

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