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Sanctions are failing to turn Putin’s oligarchs against him

21 August 2023

4:59 PM

21 August 2023

4:59 PM

When personal sanctions on Russian oligarchs and officials were imposed by the UK, US and EU after Putin’s invasion, the rationale was that this would undermine the Kremlin. In the main, this has failed – and there is still no coherent strategy to encourage those Russians willing to turn against the regime.

Wider economic sanctions are slowly grinding away at the economic base of Putin’s regime and its war machine.

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