This Time Could Be Different for Russia Sanctions by Simon Johnson & Oleg Ustenko

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High inflation and interest rates are eating away at the foundations of the Russian economy and sapping its growth. By hitting its most important sectors, and its essential source of foreign hard cash, new US legislation would pile enormous pressure on the Kremlin just when it is urgently needed.
WASHINGTON, DC—US President Donald Trump has long argued that he could easily end the war that began with Russia’s full-scale invasion of Ukraine in February 2022. Unfortunately, the results of his attempts to intervene have not been decisive, and Russia’s brutal aggression continues to exact a growing civilian toll.