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I have got many questions abt policymaker logic behind #Russia #sanctions, their impact on Russia, EU, global finance, & the economy
Their scope, potential 4 evasion, deterrence, potential long-term impact & possible next steps.
1 Pls read 🧵 ⬇️ 2 I will answer Q in a new🧵👇
Their scope, potential 4 evasion, deterrence, potential long-term impact & possible next steps.
1 Pls read 🧵 ⬇️ 2 I will answer Q in a new🧵👇
When #Russia attacked, policymakers faced a hard choice. What could we do to deter and dissuade #Putin short of a risky military confrontation between nuclear powers?
We primarily had large financial sanctions that front loaded the pain, ideally narrowly targeted towards Putin!
We primarily had large financial sanctions that front loaded the pain, ideally narrowly targeted towards Putin!
But in authoritarian Russia, where #Putin could potentially command any state-owned, oligarch or private assets for his objectives, any effective sanction could either be large, or be narrow (a few banks, Putin´s assets) but not both.
Sadly, Broad Sanctions = Collateral Damage!
Sadly, Broad Sanctions = Collateral Damage!
