Russia is winning the economic war – and Putin is no closer to withdrawing troops, by Larry Elliott

A mainstream media outlet comes to grips with the truth about Ukraine. From Larry Elliott at theguardian.com:

The perverse effects of sanctions means rising fuel and food costs for the rest of the world – and fears are growing of a humanitarian catastrophe. Sooner or later, a deal must be made

Vladimir Putin in Moscow on Wednesday.
‘The Kremlin thinks Russia’s threshold for economic pain is higher than the west’s, and it is probably right about that.’ Vladimir Putin in Moscow on Wednesday. Photograph: Mikhail Metzel/AP

It is now three months since the west launched its economic war against Russia, and it is not going according to plan. On the contrary, things are going very badly indeed.

Sanctions were imposed on Vladimir Putin not because they were considered the best option, but because they were better than the other two available courses of action: doing nothing or getting involved militarily.

The first set of economic measures were introduced immediately after the invasion, when it was assumed Ukraine would capitulate within days. That didn’t happen, with the result that sanctions – while still incomplete – have gradually been intensified.

Continue reading→

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.