Russia says it's no longer scared of western sanctions – but its economy is still under pressure

• Russia is no longer scared of western sanctions, a Kremlin spokesperson said last week.
• There are signs the economy is resilient, with growth holding firm and total wealth increasing in 2022.
• But western embargoes are still affecting Russia, as exports plunge and the ruble craters.

Russia says it isn't afraid of sanctions anymore – but maybe it should be.

Kremlin spokesperson Dmitry Peskov shrugged off the West's oil and gas embargoes and financial restrictions last week, saying Russia had "adapted" and was no longer "scared" of further measures.