Irish Examiner view: The numbers show the reality of sanctions against Russia 

With only a 3% dip in its oil production since it invaded Ukraine, it is clear the embargo on Russia is not working

A couple embrace amid the rubble after the recent Russian shelling in Mykolaiv, Ukraine. Putin's illegal invasion of Ukraine began 171 days ago. Picture: Kostiantyn Liberov /AP

If we are to wonder why economic sanctions against Russia have not yet had a meaningful impact on the course of its war in Ukraine, we need only — as economists often remind us — study the numbers.

The International Energy Agency (IEA) reported this week that Russian oil production has fallen by less than 3% since its military operations against its neighbour.