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It may also be time for the world to consider limits on economic weapons, as economist Raghuram Rajan recently suggested. It’s the Kremlin that needs to be held to account for its actions, including possible war crimes committed by soldiers, but not clueless Russians at large
Economic weapons targeted at Russia are punishing the consumers of the whole world as it has made food, oil and gas dearer
We have rules that govern conventional warfare but need to determine what’s okay and what’s forbidden in economic conflict
Restraints on the deployment of harsh sanctions would limit the damage they can inflict on globalization-driven prosperity