Putin
Russian President Vladimir Putin.
  • Russia's economy remains resilient against Western sanctions.
  • Economist Elina Ribakova wrote about the limitations of trying to isolate a globally integrated economy like Russia.
  • The West's experience sanctioning Russia could help in crafting potential future trade restrictions against China.

Russia's economic resilience against sanctions has frustrated the West as the war in Ukraine drags into its third year — but the lessons learned from the experience will be valuable, one economist says.

"The primary lesson is that seeking complete isolation of a large, complex and globally-integrated economy is costly and unattainable," Elina Ribakova wrote in the Financial Times on Tuesday.