By Ivan Timofeev , programme director of the Valdai Club.
The European Union has unveiled its 18th package of sanctions against Russia, a move described by EU foreign policy chief Kaja Kallas as “one of the strongest packages ever imposed.” That sounds impressive. But while the new measures will undoubtedly cause inconvenience, their real power – especially in 2025 – is more symbolic than strategic.
Had these same measures been rolled out in early 2022, the impact might have been severe. At that time, economic interdependence between Russia and the EU remained significant, and the Russian economy was still adjusting to the new reality. But…
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