But They Are Going To Devastate Us Economically Too The economic sanctions that have been imposed on Russia by western powers are really going to hurt. But they aren’t just going to hurt the Russians. The measures that are now being implemented are going to be quite a shock for the entire global economic system, and all of us will be affected. Energy prices will be going much higher, food prices will be going much higher, and the sanctions are going to cause chaos in the financial world for months to come. Of course things were already starting to get really crazy even before the war began, but now our problems are really going to start to accelerate.