James Galbraith – Sanctions: To Russia with Love

James Galbraith discusses the unintended effects of Western sanctions on Russia, arguing that they have, in many respects, benefited the Russian economy in the long term. Contrary to the goals of defunding the war and degrading Russia’s military capacity, sanctions have led to economic adjustments that have fostered Russia’s independent development. Galbraith points out that despite initial disruptions, Russia adapted by focusing on domestic production and diversifying its economic partnerships. This analysis provides a nuanced view of economic sanctions’ real-world impacts, suggesting that their effectiveness and consequences are more complex than commonly understood.