Are the Sanctions on Russia Finally Taking Effect?

SummaryIn this conversation, Pyotr Kurzin and Mark Harrison discuss the complexities of economic sanctions, particularly in the context of Russia and Ukraine. They explore how sanctions are implemented, their effectiveness, and the political dynamics that influence their success. Harrison emphasizes that sanctions are a process that requires time to take effect and must be complemented by military pressure to achieve desired outcomes. The discussion also touches on the challenges posed by political polarization in democratic societies and the need for a consistent approach to sanctions.Mark Harrison is a professor of economics at the University of Warwick and an expert on the Soviet and Russian war economies.Ask ChatGPT Hosted on Acast. See acast.com/privacy for more information.