Dan McDowell on *Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar*
Macro Musings with David Beckworth
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The Rise of Financial Sanctions in Russia
Peter Bergen: It seems to me that financial sanctions always go after maybe some important people in the inner circle, but they don't go after the top dog. The thinking is basically, okay, right, you want to target actors that have voice within the political system and if you impose pain on them, those folks are going to wine complain," he says. "It's not like Putin has billions of US dollars in American banks,. He recognizes his own vulnerability"
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