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Guardian: The rouble is soaring and Putin is stronger than ever – our sanctions have backfired

Western sanctions against Russia are the most ill-conceived and counterproductive policy in recent international history.
Economic war is ineffective against the regime in Moscow, and devastating for its unintended targets.

A rare student of this subject is the American economic historian Nicholas Mulder, who points out that more than 30 sanctions “wars” in the past 50 years have had minimal if not counterproductive impact. They are meant to “intimidate peoples into restraining their princes”. If anything they have had the opposite effect. From Cuba to Korea, Myanmar to Iran, Venezuela to Russia, autocratic regimes have been entrenched, elites strengthened and freedoms crushed. Sanctions seem to instil stability and self-reliance on even their weakest victim. Almost all the world’s oldest dictatorships have benefited from western sanctions.

https://www.theguardian.com/commentisfree/2022/jul/29/putin-ruble-west-sanctions-russia-europe