Russia and the West are now firmly locked in a war of economic attrition

Following the annexation of Crimea earlier this year, the EU has implemented escalating sanctions against Russia. Borja Guijarro-Usobiaga writes on the impact the sanctions are having on both Russia and Europe. He argues that with neither Russia nor the West willing to make unilateral concessions to solve the crisis, the most likely result is a lasting political deadlock until the costs experienced by both sides provide incentives to normalise relations.