The problem with economic sanctions
At the time of writing, Russia’s war with Ukraine had been ongoing for six months. This is despite the numerous sanctions imposed on Russia and its oligarchs by the West. When Russia first threatened to invade Ukraine, Western governments, including those of the US and Germany, threatened to impose economic sanctions on Russia to dissuade President Vladimir Putin from invading Ukraine. Obviously, as we are now half a year into the conflict, this was unsuccessful. Instead, the sanctions have resulted in a massive surge in the price of oil and other commodities, which has had an extremely negative impact on consumers. Some of the sanctions imposed on Russia include financial sanctions: those on the import of Russian oil, gas and coal, and sanctions on the assets of Russia’s oligarchs. These and…