“We have to admit that all these packages of sanctions had a very limited, ineffective impact on the Russian economy,” TASS quotes him with reference to the BNS agency.

In his assessments, the Lithuanian leader referred to Russia's macroeconomic indicators.

Among the reasons for the ineffectiveness of sanctions, Nauseda cited the possibility of circumventing restrictions.

The head of the European Commission, Ursula von der Leyen, previously said that the 13th package of sanctions will be aimed at circumventing EU sanctions against Russia.

The Financial Times wrote that the new package of European Union sanctions was blocked by Hungary.