The president-elect has said he will use sanctions sparingly while vowing to end the war in Ukraine, renewing questions over their efficacy.The president-elect has announced that he will use sanctions sparingly, while also pledging to end the ongoing war in Ukraine. This has reignited discussions about the effectiveness of sanctions, as thousands of sanctions have been imposed on Russian banks, businesses, and individuals since the conflict began in 2022. As President-elect Donald J. Trump prepares to take office, the future of these sanctions is expected to be closely examined.
In his statements, Mr. Trump has expressed a desire to minimize the use of sanctions and has promised a shift in American policy towards Ukraine, with the goal of ending the war in a single day. However, experts believe that sanctions and continued military aid will likely be used as bargaining tools in any negotiations.
The value of these sanctions is a highly debated topic. While some predicted that economic restrictions would quickly weaken President Vladimir V. Putin’s regime or cripple the Russian economy, this has not been the case. Mr. Putin remains in power and his forces continue to inflict damage on Ukraine and make gains on the battlefield.
According to Russian economist Sergei Guriev, who fled the country in 2013 and is now the dean of the London Business School, the idea that sanctions could bring a swift end to the war was always more of a hopeful belief than a realistic assessment.
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