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Are Sanctions on Russia Effective? How (Not) to Inform the Debate, Part II
The unprecedented nature of the current sanctions, both in terms of their scale and in terms of the economic size of the target state, makes it more challenging to extrapolate from prior experience.
Are Sanctions on Russia Effective? How (Not) to Inform the Debate, Part I
The Russian economy has bounced back from the initial hit of sanctions, thanks in large part to skillful financial policy and planning by the Russian central bank and finance ministry, as well as loopholes in the sanctions regime.