Quote:
Originally Posted by Bluegrassplayer
Sanctions are working. Russia's economy growing this year is not a sign that they aren't.
I think you can at most claim that sanctions linked to military equipment work in some sense, but the broad set of economic sanctions isn't working to weaken Russia.
Some sanctions actually, clearly help Putin. Everything that makes it harder for Russian citizens to splurge on foreign goods and services helps Putin stabilize the ruble and finance the war, clearly.
Every Ferrari, luxury wine, German appliance and so on upper middle class Russians can't buy, is more money in the Russian banking system to finance the war through financial repression (paying low rates on deposits), a lower pressure on the exchange rate, and a better trade balance sheet for Putin.