Are Sanctions The Best Way To Punish Russia?

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  • #11687

    Today’s question is – are sanctions and cutting ties with Russian companies the best way to retaliate against the Russian invasion? I personally worry about implications on gas prices as well as inflation affecting normal Russians.

    Let us know what you think!

    #11694
    Peter Watson
    Keymaster

    I think that they are the only way for now. As Ukraine isn’t part of NATO, troops can’t be sent in from the west without causing HUGE problems. The difficulty is going to be about finding a balance between putting enough pressure on to make Putin step back from the brink but not overdoing it to the extent that he will over-retaliate. If China gets involved in some way I think that this might help because it seems to me to be Russia’s most powerful backer. It is obviously way too early at this stage to tell but I wonder if China will get concessions from the US, Europe and UK (e.g. lift various restrictions/tariffs) in order to get Russia to the table. Then you could have Ukraine becoming a member of the EU but not NATO perhaps. This would help Ukraine economically but also keep China and Russia happy about not expanding NATO. NATO countries could, however, pump money into Ukraine to help them make their own forces better whilst also upping their own defensive budgets, like Germany for instance.

    #11775

    Wow, I think you have given a great suggestion to manoeuvre the complex world of international politics. I am unsure about Nato countries pumping in money because it might just be seen as another sign of NATO aggressiveness by Putin and he’ll just proceed to annex/invade another part of Ukraine.

    #11776
    Peter Watson
    Keymaster

    That is a really good point, Hamsi. I guess that NATO countries will have to be rather careful about that! It’s so incredible that no-one knows what’s going to happen because we haven’t seen this before (in living memory, anyway). Usually it’s possible to get a better steer on these things but we really are in uncharted waters right now.

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