In this podcast, Diva Jain talks about a brief history of sanctions and their features. She also mentions the motives for using sanctions and explains why they usually fail using certain statistical tools. Using this baseline she then explains why the impact of the current sanctions on Russia would be minimal by showcasing what Russia is doing to counter the current sanctions. She also explains the other 2nd order costs and collateral damages that are incurred by everyone because of sanctions.
Why Sanctions Fail
