Nolte: Report Says Sanctions Hurt Americans, Everyday Russians More than Putin

Nolte: Report Says Sanctions Hurt Americans, Everyday Russians More than Putin


Bloomberg reports that some in the Biden administration are having second thoughts about the effectiveness of all the government-imposed and voluntary sanctions leveled against Russia after Russian President Vladimir Putin invaded Ukraine.

The following should surprise no one who knows anything about the real world:

Russia’s invasion of Ukraine galvanized the US, UK and European Union to unleash a slew of sanctions meant to punish Vladimir Putin’s government and pressure him to pull his forces back.

But some Biden administration officials are now privately expressing concern that rather than dissuading the Kremlin as intended, the penalties are instead exacerbating inflation, worsening food insecurity and punishing ordinary Russians more than Putin or his allies.

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