Timothy Ash - The Slow Impact of Economic Sanctions and Unreliable Allies in Struggle Against Russia

Sanctions were supposed to bring the Russian war machine to its knees. Crashing the Russian economy like a house of cards within months. But this hasn’t happened. This was the largest packet of sanctions in history, so why has it failed to curtail Russia’s aggression? Are sanctions a flawed concept? And who has helped Russia to evade and mitigate the worst aspects of sanctions? I’m joined today by Timothy Ash, who has been professional economist for more than 30 years, with two thirds of that in the banking industry. Timothy’s specialism is emerging European economics, and he writes and blogs extensively on economic challenges for leading publications such as the Kyiv Post, Atlantic Council, the Financial Times, and the United Business Journal. He is also an Associate Fellow in the Russia and Eurasia programme at Chatham House and has advised various governments on Ukraine-Russia policy and specifically on the impact of sanctions.