EU Special Envoy for Sanctions David O’Sullivan said that the Russian economy’s medium-term outlook is very poor. Sanctions will have a significant impact next year. “The problem is this is more a slow puncture than a blowout of the tire,” he said. According to him, it will take a bit longer to influence Russia’s behavior than some people might have thought at the very beginning. “But it is going to show and I think most economists would converge that sometime next year, in the course of next year, Russia is going to have some kind of economic reckoning,” O’Sullivan predicts. As the EU represe…