Why is IntelliJ stuck on Resolving Dependencies for my project?

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IntelliJ stucked on Resolving Dependencies for PROJECT_NAME

It used to be quite fast and worked seemingly fine, but suddenly my already opened projects began giving errors in the pom.xml such as dependency not found, and whenever I reloaded the project it gets stuck on Processing build files for dependencies analysis or Resolving Dependencies for PROJECT_NAME. It has taken up to 38 minutes one time and it still didn't complete the background task. I also searched VM options for importer as I read somewhere it could speed up things but the reality is that nothing is very clear on the subject. My current version of IntelliJ is the 2023.1.1

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