Russia's overheating economy is on the cusp of serious cooling, as huge fiscal stimulus, soaring interest rates, stubbornly high inflation and Western sanctions take their toll, but after three years of war,

Russia doesn’t view sanctions relief as a critical factor in negotiations to end the war and isn’t expecting any significant easing of US penalties, according to a person close to the Kremlin.

The White House promised “incredible opportunities” if Moscow ended the war in Ukraine. But Russia’s economy is struggling and the business environment is unpredictable.