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5min chapter
The Sunday Debate: Sanctions against Russia won't work - Part 1
Intelligence Squared
Russia's Economy Is Only Slightly Larger Than the West's
Russian economy as a whole is forecast to shrink by over 3% this year, over 2% next. Even if we lifted sanctions tomorrow, the West would still be diversifying away from Russian commodities. The permanent loss of gas sales to Europe will seriously hit government revenues. Longer term, most economists agree that Russia is set for stagnation. Simon Tisdall: Sanctions should be discontinued and military support for Ukraine continued. In other words, energy purchases should resume at the same time that we're sending arms to Ukraine. It's simply too incoherent a policy to keep it up. We're not setting off another civil war in Iraq or Afghanistan.
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