Although widely used, the effectiveness of economic sanctions is debated. In this article published in The Conversation, Professor Peter van Bergeijk and Dr Sylvanus Kwaku Afesorgbor argue that the current sanctions against Russia are unlikely to force Putin to abort his invasion of Ukraine.
The Russian invasion of Ukraine has been met with myriad sanctions imposed by many western nations. Imposing economic sanctions is often seen as an alternative to military intervention. The idea is that sanctions cause economic damage and coerce the target to change its objectionable course of action.
Although economic sanctions are widely used, their effectiveness is often debated. Recent research on sanctions has generally concluded that economic sanctions seldom change behaviour, especially those aimed at disrupting military interventions. If national security is viewed as being at stake, sanctions simply aren’t sufficiently costly.
Read the full article on The Conversation website - 'Economic sanctions will hurt Russians long before they stop Putin’s war in Ukraine', 1 March 2022.
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