There is no substitute for military aid to Ukraine
whether to send military aid. America has fewer doubts about waging a financial campaign against Vladimir Putin. Having targeted Russian entities, it is threatening “secondary sanctions” on their foreign abettors. In December the White House said it would put the dollar system out of bounds for any bank found to be helping Russia gain access to sensitive goods. Afterof Alexei Navalny, Russia’s main opposition leader, it is due to announce fresh sanctions later this week.
Other trade flows have similarly adapted. The West is energetically adding Russian companies and individuals to its blacklists. But much of the world’s population lives in countries that decline to enforce Western sanctions, and there is little to stop new companies popping up and doing business there.
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