Western nations continue to hope that they can force Vladimir Putin to choose between continuing his war with Ukraine or saving Russia’s economy.
As Russia massed troops near its border with Ukraine early in 2022, the US, the European Union and their allies held out hope that threats of massive sanctions might deter an invasion.
Once hostilities began, there was a sense that sanctions could force an immediate economic crisis in Russia and a quick end to the war.With fighting now in its second year, the revised thinking is that prolonged sanctions, including restrictions on essential Russian imports, will have a cumulative effect, eventually forcing President Vladimir Putin into deciding between continuing the war and saving his economy. A weakened rouble is one recent sign of stress on Russia’s economy.
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