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Yes and no -- current sanctions against Russia are aimed at illicit wealth, and they likely still will be. Western governments will probably try not to use san
by unfocussed_mike 5y ago
Yes and no -- current sanctions against Russia are aimed at illicit wealth, and they likely still will be.
Western governments will probably try not to use sanctions that primarily hurt the Russian people, because there is little hope that will work; Putin has spent a decade building an explicitly backward-looking, history-whitewashing kind of nationalism, and people might tire of that, sure, but he's also been very good at very publicly helping his opponents more fully experience the view from high windows.
Remember Don Jr's meeting with the Russians that was supposedly about adoption? It was actually the Magnitsky Act the Russians really wanted to talk about (they want it gone). He said as much himself, and it's clear that even the people advising the Trump campaign were decidedly chilly on the idea of getting rid of it.
Global Magnitsky legislation is why Russia is upping the ante. While I'm no scholar of it, I would expect the West to start with strengthened Magnitsky-type sanctions that prevent oligarchs from getting their money out before things go bad.
Because it is the oligarchs who can uproot Putin most quickly.
Putin is personally weak and isolated at this point -- clearly either clinically vulnerable or otherwise terrified of catching Covid, and distrustful of everyone around him. He's clearly acting more emotionally and less rationally.
Sanctions that target -- or isolate -- the wealth of his closest circle of oligarchs are more likely to get somewhere, because they will gnaw away at his sense of invulnerability.