Sanctions on Russia are just the usual cruel, ineffective crap

Like everywhere else, ordinary people suffer while the "elites," and the policies and governance they favor, aren't going anywhere.

“To bring the Russian state to heel, we must focus sanctions on the thin social layer of multimillionaires upon which the regime relies: a group much larger than a few dozen people, but much narrower than the Russian population in general,” argues Piketty. “To give you an idea, one could target the people who hold over €10m ($11m) in real estate and financial assets, or about 20,000 people, according to the latest available data. This represents 0.02% of the Russian adult population (currently 110 million)…. To implement this type of measure, it would be sufficient for western countries to finally set up an international financial registry (also known as a ‘global financial registry’ or GFR) that would keep track of who owns what in the various countries.”

Unfortunately, such measures will be exceedingly difficult to impose, and for one reason: Russia’s billionaires are sustained and protected by the same financial system that sustains and protects Western and Chinese billionaires. The latter group will not willingly abandon these self-serving rules of capitalism, even if it means allowing Putin and his allies to remain largely untouched amid the suffering of the people. - Truthout