Gauging the Effectiveness of the Sanctions Against Russia

Sanctions in the wake of Russia's invasion of Ukraine have had less of an impact than initially hoped by the West, or feared by Russia. But Russia’s longer-term economic prospects don't look particularly good. Which sectors and segments of Russian society have Western sanctions affected most? How leaky have they been? What short and long-run effects are they designed to have? And are they likely to achieve their ultimate goal of making the cost of continuing the invasion of Ukraine too high? To discuss these issues, EconoFact Chats welcomes back Christopher Miller. Chris is an Assistant Professor of International History at the Fletcher School at Tufts University. His research focuses on Russian history, politics, and economics. He is the author of “Putinomics: Power and Money In a Resurgent Russia,” and "We Shall Be Masters: Russian Pivots to East Asia From Peter the Great to Putin."