The US is facing growing economic pain as sanctions and energy embargoes are showing little impact on Russia. Notably, the West did not expect such severe economic downturns resulting in soaring energy prices and inflation. The US and the EU failed to estimate possible backfires on their economies from anti-Russian sanctions. The New York Times released an article titled “US-Led Alliance Faces Frustration, and Pain of its Own, Over Russia Sanctions.” The authors explain why Russia benefits from sanctions by selling highly expensive energy. At the same time, Western countries are experiencing soaring energy prices after cutting imports of Russian crude. Reportedly, during the midterm elections this fall, Republicans are likely to capitalize on the rising cost of living. Earlier, the State Department announced plans to maintain pressure on Russia. Department spokesman Ned Price noted that restrictions against the country would remain in place until the end of the special operation in Ukraine.
