On February 25, 2022, a day after Russia undertook a full-scale invasion of Ukraine, the European Union introduced unprecedented sanctions against the aggressor. The measures were intended to send a clear signal to Moscow that there would be severe consequences for its actions.
The sanctions targeted Russian President Vladimir Putin’s inner circle, as well as Russian companies and several sectors of the Russian economy. In the following months, the sanctions regime against Russia was expanded with eight more instalments, hitting its most valuable exports to Europe – oil and gas – and curbing its access to products that could be used in its war on Ukraine.
By the looks of it, the EU will continue to impose new sanctions, as Russian aggression and war crimes show no sign of abating. But despite the wide-ranging measures imposed and Brussel’s commitment to uphold them, some observers are claiming that they have failed.
The Russian economy appears more resilient than expected and the Russian military retains the capacity to destroy civilian infrastructure and military targets and terrorise the Ukrainian population. What is more, sanctioned goods are still finding their way to Russia and to the battlefield in Ukraine.
If the sanctions are not working the way they ought to, it is because we are actively undermining them. A recently released report by Norway-based risk consultancy Corisk reveals how that is done.
Its analysis of customs data from 12 EU countries, Norway, the UK, the US and Japan shows that the circu