How has the Russian economy been affected by Western sanctions following the Ukraine invasion?

U.S. companies have lost an estimated $300 billion by exiting the Russian market after Western sanctions were imposed following Russia's invasion of Ukraine three years ago. These sanctions restricted most trade, froze Russian currency reserves worth 300 billion euros, and disconnected Russian banks from global financial networks. Despite these severe measures, the Russian economy has continued to grow, primarily driven by military spending that now accounts for approximately 10% of its GDP. Additionally, discussions between U.S. and Russian representatives are ongoing, with both sides considering economic initiatives that could move forward within the next two to three months.