Morning Jolt: Are ‘Profound Sanctions’ Having Any Effect on Putin?

On the menu today: A month ago, a reporter noted to President Biden that the threat of sanctions had not deterred Vladimir Putin from invading Ukraine and asked why Biden thought enacting the sanctions would alter Putin's decisions now. Biden replied, "They are profound sanctions. Let's have a conversation in another month or so to see if they're working." One month later, it is indisputable that those sanctions are indeed having a profound effect on the Russian economy. But it's also true that in the past month, the Russians haven't shown any signs of stopping their invasion. Can economic sanctions stop a military invasion? And if they can, how long will it take? And how much longer can the Ukrainians hold out? Finally, let's take a quick look at an earlier chapter of Volodymyr Zelensky's career.

The Economic War against Russia Accelerates

Back on February 24, after the Russian invasion of Ukraine began and President Biden delivered an uneven press-conference performance, I wrote that Biden's worst line was, "They are profound sanctions. Let's have a ...

WITH JIM GERAGHTY March 23 2022 WITH JIM GERAGHTY March 23 2022 Are 'Profound Sanctions' Having Any Effect on Putin? On the menu today: A month ago, a reporter noted to President Biden that the threat of sanctions had not deterred Vladimir Putin from invading Ukraine and asked why Biden thought enacting the sanctions would alter Putin's decisions now. Biden replied, "They are profound sanctions. Let's have a conversation in another month or so to see if they're working." One month later, it is indisputable that those sanctions are indeed having a profound effect on the Russian economy. But it's also true that in the past month, the Russians haven't shown any signs of stopping their invasion. Can economic sanctions stop a military invasion? And if they can, how long will it take? And how much longer can the Ukrainians hold out? Finally, let's take a quick look at an earlier chapter of Volodymyr Zelensky's career. The Economic War against Russia Accelerates Back on February 24, after the Russian invasion of Ukraine began and President Biden delivered an uneven press-conference performance, I wrote that Biden's worst line was, "They are profound sanctions. Let's have a ...   READ MORE

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