Morning Jolt: Watching the Russian Economy Collapse before Our Eyes

On the menu today: The good news is that, while the long-promised "swift and severe" sanctions from the U.S. and its allies took a while to arrive, they are quickly and intensely battering the Russian economy. The bad news is that we're quickly and intensely battering the Russian economy, and it seems prudent to ask just how much economic devastation we want to inflict upon a country with roughly 4,500 nuclear warheads. A lot of ordinary Russians are going to pay the price for Vladimir Putin's aggression and malevolence — and European history has some vivid examples of humiliated countries coming back from a war defeat to become an even bigger problem later.

'Swift and Severe' Sanctions Batter Russian Economy

The "swift and severe" sanctions of the U.S. and its allies took a while to arrive, not taking effect until 96 hours or so after the first steps of the Russian invasion of Ukraine.

But to give credit where its due, once those sanctions did kick in, the consequences were indeed intense:

• At one point ...

WITH JIM GERAGHTY February 28 2022 WITH JIM GERAGHTY February 28 2022 Watching the Russian Economy Collapse before Our Eyes   On the menu today: The good news is that, while the long-promised "swift and severe" sanctions from the U.S. and its allies took a while to arrive, they are quickly and intensely battering the Russian economy. The bad news is that we're quickly and intensely battering the Russian economy, and it seems prudent to ask just how much economic devastation we want to inflict upon a country with roughly 4,500 nuclear warheads. A lot of ordinary Russians are going to pay the price for Vladimir Putin's aggression and malevolence — and European history has some vivid examples of humiliated countries coming back from a war defeat to become an even bigger problem later. 'Swift and Severe' Sanctions Batter Russian Economy The "swift and severe" sanctions of the U.S. and its allies took a while to arrive, not taking effect until 96 hours or so after the first steps of the Russian invasion of Ukraine. But to give credit where its due, once those sanctions did kick in, the consequences were indeed intense: At one point ...   READ MORE

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