Russia's Economy Resilient to Sanctions, But Secondary Impact Felt

Russia's economy has proven resilient to sanctions due to preparation since 2014 and alternative payment systems with China.

Complete isolation of a large, integrated economy like Russia's is very difficult and costly.

The West took almost a year to significantly reduce purchases of Russian oil and gas.

The experience sanctioning Russia provides lessons for potential future sanctions against China.

Secondary sanctions are having an effect, with some Chinese banks halting payments from sanctioned Russian banks.