Thomas Piketty: Confronting war, rethinking sanctions

If an ordinary Russian loses half of his pension or salary because of the fall in the rouble and inflation caused by the sanctions, then there is no recourse, no court where he can complain. On the other hand, if you want to deprive an oligarch with 100 million euros of half his fortune, then there are multiple procedures to challenge the decision, and very often you don’t pay anything.

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