Since 2022, Western countries have imposed a variety of sanctions against Russia. The effect fell short of expectations.

Russia, on the other hand, appears to be resilient. Experts are calling for a deeper dig into the West's bag of tricks. The EU wants to take “quick and targeted” measures to deprive Russia of resources. This should make it more difficult for the country to continue its war of aggression against Ukraine. The European Council said the EU will take further action to address “increasing evasion” of EU sanctions.