Analysis
While sanctions did not immediately achieve their stated goals (e.g., reversing Russia's annexation of Crimea), they contributed to economic strain, capital flight, and long-term structural challenges for Russia. The claim ignores verifiable consequences, such as GDP contraction, ruble devaluation, and restricted access to Western markets. However, the phrase 'road to nowhere' is subjective and lacks empirical falsifiability.
Background
Western sanctions were imposed in 2014 in response to Russia's annexation of Crimea and support for separatists in Eastern Ukraine. They targeted individuals, banks, and key sectors like energy and defense. Medvedev, as Russia's Prime Minister at the time, frequently downplayed their impact.
Verdict summary
The statement oversimplifies the impact of sanctions, which have had measurable economic and political effects on Russia.