The U.S. State and Treasury departments issued what they called a “sweeping” set of sanctions against Russia and its financial backers on June 12, in the latest move to try and degrade Moscow’s wartime economy. Western countries have imposed extensive economic restrictions against Moscow over its full-scale invasion of Ukraine, seeking to curb its state revenue and prevent it from obtaining key technologies needed for the war effort. More than two years into its war, it is unclear if the measures have had their desired effect. Russia has increasingly mobilized its economy to support its war, a…