Are sanctions on Russia working? Yes, because Putin’s economy is paralyzed. The clear answer comes from a study by the Yale School of Management – Chief Executive Leadership Institute. Carlo Alberto Carnevale Maffè, a professor at Bocconi University School of management, mentions this in a tweet, convinced that “those who argue that sanctions have no effect on Russia are totally ignorant in economics and in obvious geopolitical bad faith”. The reference is to the debate that also animated the discussion between the leaders at the Cernobbio Forum and contains an implicit response to the position supported by the Lega issue, Matteo Salvini: “The sanctions are not hurting Russia, they must be rethought”. The work packaged at Yale is built through a meticulous and thorough analysis of all available data and information. “Our team of experts, using Russian-language documents and direct data sources, including those on high-frequency consumption, cross-checking of data, information disseminated by international trading partners and processing complex data on shipments, has produced an exhaustive analysis on the conditions of the Russian economy five months after the invasion of Ukraine. The conclusion is clear: the sanctions are catastrophically paralyzing the Russian economy “, is the introduction that explains the title: ‘Business Retreats and Sanctions Are Crippling the Russian Economy. ‘ positioning itself as a pivot towards Asia with gas exports. – Russian imports have largely collapsed and the country must facing tough challenges in securing crucial assets, including spare parts and technology. It is experiencing a substantial shortage of important supplies for the domestic economy. – Russian domestic production has completely stopped with no capacity to replace lost assets, products and talents; the loss of innovation and internal production capacity has led to a surge in prices and consumer concern. – With the exodus of foreign companies, Russia has lost a share equal to 40% of its GDP, nullifying the increase of foreign investments of the last thirty years, experiencing a simultaneous flight of capital and people from its economic base. – Putin is resorting to a manifestly unsustainable fiscal and monetary intervention to try to tackle structural economic weaknesses. The budget is in deficit for the first time in years and foreign reserves have also been dried up. The Kremlin’s finances are in much, much more trouble than you think. – Russian financial markets are the worst in the world this year, both looking at current indicators and forecasts and, despite the tight control on capital, they have suffered a sustained and persistent weakness with the contraction of liquidity and credit. In addition, Russia has been substantially cut off from international markets, limiting its ability to access the finance needed to revive its economy. Looking ahead, there is no way out of economic oblivion for Russia as long as allied countries remain united in maintaining and increasing sanctions. it’s real. The facts say that, by any measure and at any level of analysis, the Russian economy is faltering and now is not the time to press the brake on sanctions.Each of the study’s conclusions are argued and supported by a precise analysis of the numbers and the data collected. There is no other way to find an answer to the question: are sanctions on Russia working? Of course, the consequences for the economies of the countries that the sanctions have imposed on them must also be put on the table, starting with the Italian one. But even those who want to argue that sanctions are not effective and useful in achieving their goal, that of weakening the Russian economy to the point of collapse, should seek and find data consistent with their thesis. (by Fabio Insenga)