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Jennifer Hewett

Can the West stop the war by starving Russia’s economy?

The West is fighting Russia’s military aggression with an economic bombardment. This won’t save Ukraine from national tragedy or avoid mass civilian casualties, but it raises the price to be paid.

Jennifer HewettColumnist

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Napoleon is supposed to have said that an army marches on its stomach. In Ukraine, the West is testing a modern version of this by attempting to starve the Russian financial system.

The sanctions imposed on Russia is big, broad and accelerating – an unprecedented test of whether economic retaliation can really fight back against military aggression.

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Jennifer Hewett is the National Affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p5a0rz