Sanctions against Russia haven’t failed
From our UK edition
One of Russia’s toxic TV presenters recently cackled that Western sanctions ‘have only helped Russia wean itself off dependence on foreign imports and given a boost to our own producers’. At a time when Russia’s third quarter growth has actually exceeded expectations, hitting 5.5 per cent, it is worth noting what sanctions can and cannot do. The bottom line is that sanctions have not failed – but were never going to be the silver bullet solution to Kremlin aggression some claimed at the start. As in so many aspects of the West’s response to the 2022 Ukraine invasion, unrealistic early boosterism has led to subsequent, and arguably equally unrealistic, despondency.