The US sanctioned hundreds of Russian officials, lawmakers, family members and businesses Friday in a move that Treasury Secretary Janet Yellen called sweeping action, but in reality the measures won't have a real impact on President Vladimir Putin's ability to sustain his country's economy with oil and gas revenue.
That raises fundamental questions about the effectiveness of sanctions despite how big it looks on paper for the Biden administration to go after Russia s central banker Elvira Nabiullina and Alexander Novak, the deputy prime minister and a key figure in Russia's energy sector. A raft of sanctions haven't materially affected the war on the ground in Ukraine or weakened Putin's determination to pursue it despite repeated setbacks, which hasn't materially affected the war on the ground in Ukraine.
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