US sanctions on Russia have not had the desired consequences of slowing Moscow's economy due to the continued flow of Russian energy exports, former member of the International Monetary Fund (IMF) executive board Hossein Askari told Sputnik.
Askari highlighted that while the US is hesitant to sanction China and India which are Russia's key gas importers, the Russian economy will develop, Ednews reports.
Last week, the United States rolled out approximately 500 new sanctions on Russian people and entities, including in the energy sector, in light of the two-year anniversary of Moscow's special military operation in Ukraine.
