New York Times: “Predictions in the early months of the war that economic restrictions would soon undermine President Vladimir Putin’s regime or reduce the ruble to “rubble” did not pan out. Mr. Putin remains entrenched in the Kremlin, and his forces are inflicting punishing damage on Ukraine and gaining on the battlefield.”
“Yet the idea that economic sanctions could bring a quick end to the war was always more a product of hope than a realistic assessment, said Sergei Guriev, a Russian economist who fled the country in 2013 and is now the dean of the London Business School.”
“A better measure of success, Mr. Guriev said, is to ask whether sanctions hampered Moscow’s ability to wage war effectively. And the answer to that, he and several other analysts argue, is yes.”
