Billions of dollars of Russian gold are being freely traded at top dollar while avoiding every one of the 16,000 Russia sanctions.
Lawfare
Sanctions imposed on Russia since its Ukraine invasion have reshaped global trade, with countries like China and the UAE emerging as winners.
Despite the broad range of sanctions imposed on Russia, there are few signs the sanctions have meaningfully impacted its ability to wage war.
The unilateral and arbitrary use of sanctions undermined the international standing of the U.S. and has had material consequences.
Russia has eclipsed Iran, becoming the most sanctioned country after the invasion of Ukraine last month.