Up until this weekend, Russia's invasion of Ukraine looked very old-fashioned: Columns of tanks, prisoners of war, bombed buildings. Now, however, Russia and the West have both wheeled out their nuclear options — one literal, the other financial — although neither has actually been used.
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What we're not sanctioning: The West is still allowing Russian energy exports. "If Russia stops selling its oil and gas, that would be the end of Russia as we know it,”says Edward Fishman, former Russia and Europe sanctions lead in the Obama administration's State Department.
- Russia will still be allowed to buy food, medical necessities, and the like. "Sanctions aren't going to kill anyone," says Fishman.
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Edward Fishman