Are Sanctions Failing Or Worse Still, Helping Putin ?

[Gromit]

There is evidence that sanctions are having no effect on Russia.

The collspse of the Rouble was widely predicted and expected. In reality the Rouble is the best performing currency in 2022 and rising and stronger than ever.

https://www.theguardian.com/commentisfree/2022/jul/29/putin-ruble-west-sanctions-russia-europe

[mushroom25]

// Are Sanctions Failing Or Worse Still, Helping Putin ? //

who knows? it appears even the experts are having difficulty agreeing with each other.

https://nypost.com/2022/07/29/russian-economy-collapsing-amid-crippling-sanctions-study-says/

[ichkeria]

Simon Jenkins
Oh dear
The strength of the rubble is a complete red herring - it’s being artificial propped up by Putin.
There’s an in-depth report - and I’m ashamed to say I cannot remember the authors off hand - which I’ve read detailing how sanctions are crippling Russia’s economy

[ichkeria]

Lol “rubble” was autocorrect.
Sometimes the computer knows best

[ichkeria]

Yes thanks mushroom.
It was the Yale report I was thinking of

[ichkeria]

Yesterday Russia:
Carpet bombed Mikolaiv, circulated an explicit video of a the torture and murder of a Ukrainian POW, user extraordinarily violent language against POWs in its London embassy Twitter account (I’m not hanging - sp to speak - the Olenivka massacre on them as it may have been the Donetsk loonies acting off their own bat)
It’s now recruiting people from prisons and the poorest parts of Russia for their war effort, all evidence of how the disastrous miscalculation of Feb 24 is backfiring on all fronts.
For a long time now Putin hasn’t actually cared about growth in the Russian economy. But what is happening now is sooner or later going to lead to a final reckoning

[Untitled]

The strength of the ruble is illusory... i think the sanctions have been very effective.

Russia simply cannot keep on as it is going... something will give and the economic pressure from the west is a huge part of that

[Togo]

//The analysis examined a range of data from outside of the Kremlin’s influence, including non-public analyses by investment banks, high-frequency data, releases from international partners and Russian documents.

It found the retreat of more than 1,000 companies from Russia had knocked out revenues and investments exceeding $600bn, about 40pc of Russian GDP. Analysts said these exits may not have an immediate impact but would force Russia into a “dramatic, forced” economic transformation. The companies also had around a million local staff.

“The findings of our comprehensive economic analysis of Russia are powerful and indisputable: not only have sanctions and the business retreat worked, they have thoroughly crippled the Russian economy at every level,” they said.//

https://www.msn.com/en-gb/money/other/russian-economy-crippled-at-every-level-despite-putins-propaganda/ar-AA103vpJ?li=BBoPWjQ

[William51]

Putin may be a tyrant but he is not a fool, he knows how sanctions work and he is trying to play the West off and watch it suffer in recession. No matter how much it costs he must be defeated in Ukraine.

[FatticusInch]

Must admit I’d expected the sanctions to have taken their toll on Russia by now, maybe they’re on a precipice?
Fingers crossed.

[mushroom25]

the west cripples putin with punitive sanctions.
meantime, putin cripples the west with gas switch-offs.

it may (in part) come down to who blinks first.

[Paigntonian]

If you consider sanctions against South Africa in the late Seventies and Eighties, sanctions against the Soviet Union after their invasion of Afghanistan, sanctions currently in force against Afghanistan, North Korea and Iran it is difficult to conclude that they are effective. Of course, they make poor people in relatively poor countries worse off but they have little effect on the regimes we dislike. In some ways they are automatically counterproductive. They allow regimes, like Iran and North Korea, to disparage The West and play the victims' card.

[ToraToraTora]

The dependency of gas etc of the west is only temporary. Once the west has moved off that dependency Russia will have only a few customers and no leverage.

[Khandro]

Vladimir Putin is reported to be the richest man on Earth, sanctions are never going to effect him personally, or his cronies, but they are having a devastating effect on the everyday lives of ordinary Russians, which is leading to growing resentment against the war, (so I read) & many of those that can, are flocking out of the country.

[Paigntonian]

The stupidity of countries who have themselves vulnerable, in regard to energy supply, to fascistic regimes like Putin's Russia is staggeringly insane. The same applies to the UK and technological 'support' from communist China.

[ichkeria]

“The dependency of gas etc of the west is only temporary. Once the west has moved off that dependency Russia will have only a few customers and no leverage”

Exactly. Boris Johnson put it well when he talked of putting up with the short term pain. Ultimately Russia will destroy itself with these tactics

[Paigntonian]

ich: You're forgetting the fact that Putin might well be an unstable, even mad, Russian leader and you can't expect people who act illogically to be logical.

[pimplyteen]

Putin is very good at bluffing, or so he thinks he is. You don't really think Putin is going to admit hardship, plus he don't care about the Russian people. I'm all right jack!!

[Khandro]

I have been saying for years, & it gives me no pleasure to say it again, that Angela Merkel has been an absolute disastrous leader of Germany, & for the EU, & the whole European continent.

[ichkeria]

Estonia has now stopped issuing visas to Russians.
Latvia is making any Russian entering the country sign a statement condemning Russia’s war :-)
And Finland’s opposition party has tabled a motion to do as Estonia has done

[ichkeria]

“ich: You're forgetting the fact that Putin might well be an unstable, even mad, Russian leader and you can't expect people who act illogically to be logical.”

He may be mad, unstable or sane but it doesn’t alter the fact that playing with the gas taps is a double edged sword for him