No doubt.TBH Sergey, even if I said the earth was a sphere and linked to articles saying the earth was sphere, you'd still say it was flat as that is what the Kremlin says.
It is debatable whether the sanctions have had none, little or a substantial effect on the economy of Russia.
From my point of view there is a lot of different causes that explain why Russian economy is slowing the last years.
- Structure of ownership in Russian economy. In fact the key sectors of the economy are owned by oligarchs or/and controlled by corrupted officials. These people are interesting in fast extraction of profits (to hide huge money somewhere abroad). Interests of ordinary Russians for them are irrelevant.
- Incompetent, corrupted Russian government. absence of public control over key decisions that shape Russian economy.
- Permanet disproportions of Russian economy with huge oil/gas sector and relatively modest other ones, especially those related to services.
- Unstable situation with oil prices. Direct theft of gas by Ukraine and problems with gas transportation to Europe.
- Poor managment of finaces to begin with Central bank and inefficient state run banks.
- Yes, sanctions create additional problems at least during the first years. But due to the efforts for adaptation, the effect of the sanctions will be lower and lower.