Publications
Publications
- Fall 2022
- Just Money Roundtables
Are the West’s Sanctions on Russia Working?
By: Rawi Abdelal and Alexandra Vacroux
Abstract
Russia invaded Ukraine, first in 2014 and then again in February 2022. The United States and Europe—the West—imposed waves of sanctions on Russian individuals, firms, and the country itself. Six months into the West’s efforts to isolate Russia, it is reasonable to ask if sanctions are working.
But this the wrong question. What does "working" mean here? To assess the effectiveness of sanctions, we need to understand first what they were meant to accomplish—and then evaluate whether they have accomplished these goals, at least better than the available alternatives.
But this the wrong question. What does "working" mean here? To assess the effectiveness of sanctions, we need to understand first what they were meant to accomplish—and then evaluate whether they have accomplished these goals, at least better than the available alternatives.
Keywords
Citation
Abdelal, Rawi, and Alexandra Vacroux. "Are the West’s Sanctions on Russia Working?" Just Money Roundtables (Fall 2022).