Russia-Ukraine War: What would be the minimal impact of latest sanctions on Russian defence

Sanctions imposed against Russian entities as a result of Moscow's ordering of troops into the breakaway regions of Donetsk and Luhansk in eastern Ukraine are unlikely to have an impact on Russia's defence industrial base – a sector that has adapted to measures imposed by Western governments since the occupation of Crimea in 2014. Measures have been progressively applied against the crown jewels of Russia's defence industrial base for much of the last decade. The EU and the US have acted to cut Moscow's military and banking organisations off from financial markets to reduce access to credit, investment, and instruments necessary for international trade. Embargoes have also been used to stop the supply of military and dual-use equipment to Russia, in addition to measures to stop technical assistance and the transfer of technology. The EU's measures against Russia were framed primarily through Council Decision 2014/512/CFSP and Council Regulation (EU) No 833/2014. These have been exten