"You can try to sanction Putin and his oligarch cronies, but there's no way that you're going to bankrupt them," Eddie Fishman says.
"Historically, sanctions have a mixed track record at achieving U.S. foreign policy objectives. And I don't think that's unusual. I mean, does military force work? It worked in World War II. It didn't work so well in the Vietnam War. So, like any tool of statecraft, sanctions have capacity to advance U.S. foreign policy objectives, but they also have capacity to do nothing, and they have the capacity to actually work at cross-purposes with what the U.S. is trying to achieve."
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