Elena Servettaz discusses the impact of sanctions on Russia in World Affairs. While sanctions can have an impact she shows how they sometimes hurt the wrong people and also how some people who are on the sanctions list can work around being sanctioned.
A highly placed European diplomat confided that a number of Russian officials are worried about a new package of sanctions and are calling European embassies to find out if their name will be added to the list. The official claim until now, that it is a badge of honor to be on that list, is starting to crumble—and fast. Even Vladimir Putin, during a three-and-a-half-hour appearance on Russian television, said the sanctions were a “human rights violation.” The Russian president was talking about people added to the sanctions list after the annexation of Crimea—people like his friend Gennady Timchenko, whose wife, after the sanctions, he said plaintively, “could not pay for her operation because her credit card was frozen.”
Putin should also be concerned about himself. According to the Times of London, the US government is contemplating adding his name to the list of targeted individuals and freezing his own fortune, often estimated at $40 billion, in Swiss banks, if he decides to invade eastern Ukraine. But Putin’s spokesperson, Dmitri Peskov, said that his boss had complete peace of mind about this possibility.
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