Russia’s Attempts to Sanction-Proof Its Economy Have Exposed a Weak Spot

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Russia’s Attempts to Sanction-Proof Its Economy Have Exposed a Weak Spot
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A new package of retributions drawn by the U.S. and Europe will inflict heavy damage despite Russia’s efforts to insulate its economy, experts say

annexing Crimea from Ukraine in 2014

, President Vladimir Putin embarked on what analysts have dubbed a Fortress Russia strategy, padding the country’s foreign reserves, buying gold and pivoting some exports to China. Now, a raft of harder-hitting measures in case of a renewed incursion into Ukraine could test this approach and experts say they could cause broad economic pain, despite Mr. Putin’s efforts to cushion the blow.

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