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Sanctions Will Break Russia’s Economy in the End, Germany Says

Downtown Moscow, on May 31.

Downtown Moscow, on May 31.

Photographer: Kirill Kudryavtsev/AFP/Getty Images

Russia’s economy has been dealt a severe blow by international sanctions imposed following the invasion of Ukraine and that damage will become increasingly clear, according to Germany’s vice chancellor.

The revenue Russia receives from commodities like oil and gas is “painful,” Robert Habeck, who is also the economy minister, said Thursday in a speech to parliament. But that doesn’t accurately reflect the pressure President Vladimir Putin is under because the country can “barely spend any of it,” he said.