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Sanctions are instead straining Russia, and could do more if the West is patient enough, a group of eight European finance ministers jointly argued in The Guardian.
Large financial stimulus is the chief tailwind keeping Russia resistant, but the ministers noted that isn't an endless pillar of support.
The eight ministers argued that these conditions make Western sanctions more important than ever, adding that pressure should be cranked up on Russia.
They noted that if the West is patient enough, Russia's confidence will eventually slump as long-term damage takes hold.
Persons:
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Organizations:
Service, Guardian, Business, Kremlin
Locations:
Moscow, Russia, Ukraine, Sweden, Poland, Netherlands, Soviet Union, Belarus, Asia