Will western sanctions really hurt Putin?
Boris Johnson has announced that the UK will impose personal sanctions on Vladimir Putin and his foreign minister Sergei Lavrov – and is as drawing up a ‘hit list’ of Russian oligarchs to target. ‘We have to make it deeply painful for the oligarchs that support the Putin regime,’ said foreign secretary Liz Truss. ‘There are over a hundred Russian billionaires … We will come after you.’ Will such actions actually work? For many top Russians, they are a badge of honour. ‘What? You haven’t been sanctioned yet?’ asked one Russian senator of the head of a Duma committee during a break in a Russian television show on which I was also a guest in 2019. ‘What kind of patriot are you?