By Ivan Timofeev , programme director of the Valdai Club.

The European Union and the United States have once again announced new sanctions against Russia. This time almost simultaneously. Brussels has finally approved its long-discussed 19th sanctions package. Although Slovakia and Hungary initially opposed it, their objections were overcome. Yet, despite the political fanfare, the new measures are unlikely to deliver a serious blow to the Russian economy. Moscow anticipated them well in advance.

As usual, the EU has expanded its list of sanctioned individuals and companies. The inclusion of industrial enterprises in these lists has become…

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