Plans for ceasefire for evacuations from Mariupol on Saturday failed, but a second attempt has been announced
Sanctions will take time and ‘Ukraine fatigue’ could blunt the west’s resolve as the cost of living crisis deepens, writes the Guardian’s economics editor, Larry Elliott. Sanctions can inflict pain without leading to a change of leadership or a policy shift.
Iran suffered a 20% reduction in potential output in the two years following the introduction of sanctions over its nuclear programme but didn’t buckle. So, 10 days into the invasion, the west has a big decision to make. Does it deploy the biggest economic weapon it has left: adding Russia’s oil and gas exports to the sanctions list?
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