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Yes. See "13 times that economic sanctions really worked" from this Washington Post article from 8 years ago when the questions of sanctions efficacy surfaced

Yes. See "13 times that economic sanctions really worked" from this Washington Post article from 8 years ago when the questions of sanctions efficacy surfaced as a result of Putin's then invasion of Crimea: https://archive.ph/KPwJH https://archive.ph/KPwJH

tillinghast 5y ago
So… begging the question. How did those sanctions go then?
- bogomipz 5y ago
  The article clearly states what the outcomes were in each of the cases. It's literally a summary.
kelnos 5y ago
It's interesting to note that the last successful thing they can come up with was 27 years ago. Sanctions (or threats of sanctions) have been wielded many times since then, and I guess they haven't been working all that well in more recent history? Also consider that sanctions as a result of the Crimea annexation haven't done anything. We're still here, today, 8 years later, and Putin is waging war again. The funny thing is that when I was looking for something about this, I found an article[0] that is generally positive about the effects of sanctions on Russia post-Crimea. Which I find kinda hilarious, because I think it really proves the point here that these sanctions don't actually work. The Russian economy slowed quite a bit, but it seems clear Putin and the oligarchs don't care all that much; the harm from those sanctions were disproportionately borne by regular Russian citizens, who were powerless to change the country's foreign policy. And, regardless, Russia is still in control of Crimea, and has not deterred Putin from this current war, so... that's a pretty big hint the sanctions did not do what they were supposed to. [0] https://www.nato.int/docu/review/articles/2015/07/13/sanctions-after-crimea-have-they-worked/index.html https://www.nato.int/docu/review/articles/2015/07/13/sanctio...
- bogomipz 5y ago
  The world has certainly changed a lot in those 27 years. I think the financialization of world's economies, the prevalence of offshore assets/shell companies(The Panama Papers et al.) and a global real estate and art market boom that seem to all but requires "hot" money, have all conspired to make sanctions less effective. That being said I don't think the world has ever seen this level or targeted sanctions so I suppose it's a bit of an experiment. The experiment itself does seem to support your question though I think.

tillinghast 5y ago

So… begging the question. How did those sanctions go then?

bogomipz 5y ago
The article clearly states what the outcomes were in each of the cases. It's literally a summary.

kelnos 5y ago

It's interesting to note that the last successful thing they can come up with was 27 years ago. Sanctions (or threats of sanctions) have been wielded many times since then, and I guess they haven't been working all that well in more recent history? Also consider that sanctions as a result of the Crimea annexation haven't done anything. We're still here, today, 8 years later, and Putin is waging war again. The funny thing is that when I was looking for something about this, I found an article[0] that is generally positive about the effects of sanctions on Russia post-Crimea. Which I find kinda hilarious, because I think it really proves the point here that these sanctions don't actually work. The Russian economy slowed quite a bit, but it seems clear Putin and the oligarchs don't care all that much; the harm from those sanctions were disproportionately borne by regular Russian citizens, who were powerless to change the country's foreign policy. And, regardless, Russia is still in control of Crimea, and has not deterred Putin from this current war, so... that's a pretty big hint the sanctions did not do what they were supposed to. [0] https://www.nato.int/docu/review/articles/2015/07/13/sanctions-after-crimea-have-they-worked/index.html https://www.nato.int/docu/review/articles/2015/07/13/sanctio...

bogomipz 5y ago
The world has certainly changed a lot in those 27 years. I think the financialization of world's economies, the prevalence of offshore assets/shell companies(The Panama Papers et al.) and a global real estate and art market boom that seem to all but requires "hot" money, have all conspired to make sanctions less effective. That being said I don't think the world has ever seen this level or targeted sanctions so I suppose it's a bit of an experiment. The experiment itself does seem to support your question though I think.