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Why Sanctions Too Often Fail | The New Yorker

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The West has mobilized vast economic weaponry against Russia. But sanctions do not always produce meaningful or timely change.

Save this story Save this story Unwilling to invoke military might, President Joe Biden has orchestrated an astonishing array of sanctions on Russia and its power brokers with lightning speed. On Thursday, with the ruble worth only a cent, he claimed that they were working. “The severe economic sanctions on Putin and all those folks around him, choking off access to technology as well as cutting off access to the global financial system—it’s had a profound impact already,” he said , before a cabinet meeting. The tough reality, however, is that sanctions often fail to sufficiently or efficientl

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