Will the efficacy of sanctions increase over time?  Are there still more options in the sanction arsenal?  

https://foreignpolicy.com/2022/12/01/ukraine-russia-sanctions-economy-war-putin-embargo-technology-financial-energy/?fbclid=IwAR3VIoLHB4MQUUNiobrruK4NaJ59jFzNq6f5YTeNznnu3TTbxfzi6FbpGvg

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Sanctions on Russia Are Working. Here’s Why.

ScholER

Will the efficacy of sanctions increase over time?  Are there still more options in the sanction arsenal?    https://foreignpolicy.com/2022/12/01/ukraine-russia-sanctions-economy-war-putin-embargo-technology-financial-energy/?fbclid=IwAR3VIoLHB4MQUUNiobrruK4NaJ59jFzNq6f5YTeNznnu3TTbxfzi6FbpGvg  #ScholER

So far from my PoV, it hasn’t been that effective.  Russia has continued to support separatist rebels in Ukraine and has not reversed its annexation of Crimea. Additionally, many of the sanctions have caused more negative consequences for the people of Russia

Sam Mendoza

Russians have a high pain threshold. I doubt a "deep recession" will change public opinion there. On the other hand, in the EU...

Putin has forgotten what they taught him in Marxism 101, that the means of production are the basis of society.

Bobby

Jerome Cody

The United States has so far allocated about $50 billion to Ukraine, out of a $1.63 trillion budget. European spending is similar. The war did cause a rise in food and energy prices, which is gradually abating, as Adam Smith would have predicted. The Covid crisis caused far more economic damage.

The consequences for Russia are much graver: They are effectively shutting themselves out of their major export markets. The ruble is nearly worthless, and yuans have replaced dollars for international transactions. Once a great power, Russia is becoming a tributary of China.

I wouldn't argue with the stress on the Russian economy. Instead I would argue for a little cost, Russia is hurting the West financially much more. Ukraine is a money pit. In my opinion the Russian escalation in Ukraine iought to be viewed as primarily a financial attack, not a land grab. I would rate Russia's strategic position at a ++. This is dramatically at odds with conventional wisdom. An impoverished West without China having to lift a finger!

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Nate

The United States has so far allocated about $50 billion to Ukraine, out of a $1.63 trillion budget. European spending is similar. The war did cause a rise in food and energy prices, which is gradually abating, as Adam Smith would have predicted. The Covid crisis caused far more economic damage.  The consequences for Russia are much graver: They are effectively shutting themselves out of their major export markets. The ruble is nearly worthless, and yuans have replaced dollars for international transactions. Once a great power, Russia is becoming a tributary of China.

D J

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