Sanctions were supposed to bring the Russian war machine to its knees.
Crashing the Russian economy like a house of cards within months. But
this hasn’t happened. This was the largest packet of sanctions in
history, so why has it failed to curtail Russia’s aggression? Are
sanctions a flawed concept? And who has helped Russia to evade and
mitigate the worst aspects of sanctions?
I’m joined today by Timothy Ash, who has been professional economist for
more than 30 years, with two thirds of that in the banking industry.
Timothy’s specialism is emerging European economics, and he writes and
blogs extensively on economic challenges for leading publications such
as the Kyiv Post, Atlantic Council, the Financial Times, and the United
Business Journal. He is also an Associate Fellow in the Russia and
Eurasia programme at Chatham House and has advised various governments
on Ukraine-Russia policy and specifically on the impact of sanctions.