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The Big Picture brings together a range of PS commentaries to give readers a comprehensive understanding of topics in the news – and the deeper issues driving the news. The Big Question features concise contributor analysis and predictions on timely topics.
Will the Russia Sanctions Work?
Welcome to The Big Question, a new regular feature in which Project Syndicate commentators provide compelling answers to a timely question.
The West swiftly imposed unprecedented financial, trade, and investment sanctions against Russia in response to President Vladimir Putin’s invasion of Ukraine in late February. In a striking move, the United States, the European Union, and allies froze much of Russia’s foreign-exchange reserves, and further possible measures remain on the table.
In this Big Question, we ask Jayati Ghosh, Ricardo Hausmann, Harold James, and Shang-Jin Wei to assess the goals and likely impact of the sanctions.
