A sad case of geopolitical theater.
President Joe Biden threatened crippling economic sanctions if Russia invaded Ukraine. Then Russia invaded Ukraine. The administration imposed a spate of economic sanctions in response – but Russia continued its invasion and subsequent war against Ukraine. Though the Kremlin initially had a bit of a hiccup in its Gross Domestic Product (GDP) when the European Union (EU) and the US imposed economic sanctions, Moscow found workarounds with the help of China, Iran, North Korea, and other allies. Russia’s GDP has rebounded. Why, then, does the president think a fresh new round of sanctions will fare any better?
Biden’s Sanctions Are Not Strategy-Driven
Like so much of Biden’s approach to the Ukraine crisis, there is no guiding strategy for the financial pressure. Sanctions have been…
