When allied military operations go well or badly, we very quickly hear about them. But what about sanctions? It is about time that we started to ask: are they hitting their target, or are some of them slewing off, out of control, straight into civilian targets?
Notionally, sanctions have been a success – or at least they seemed to be initially. The rouble and Russian stock market collapsed. But then the rouble recovered strongly, and the stock market, too, has staged some sort of recovery since it reopened. What seemed like a pretty comprehensive boycott by western companies turns out to be rather less complete than many might imagine.
The point of sanctions was supposed to be to target the wealthy elite around Putin
Yale School of Management has put together a very useful list of western and multinational companies that have either withdrawn from Russia completely, withdrawn partially, have suspended operations temporarily or have withdrawn from Russia for good.
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in