Podcast host Alex Gabuev is joined by Andrey Movchan, a nonresident scholar in the Economic Policy Program at the Carnegie Moscow Center, and Maria Shagina, a postdoctoral fellow at the Center for Eastern European Studies at the University of Zurich, to discuss the impact of Western sanctions on the Russian economy.

After eight years of Western sanctions, has the Russian economy suffered substantially as a result? Do the latest U.S. sanctions in fact show that Washington is ready to turn the page? How successful has Russia’s import substitution been? And how far do sanctions actually play into the Kremlin’s hands at home?