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Ukraine – First wave of sanctions fails to deter Moscow

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Over the past few days, practically everyone in the public media has become a Ukraine sanctions expert, regardless of actual experience in this field.  The one thing most all agree on at this point is that the first wave of coordinated western sanctions, with many early measures not fully in place, completely failed to deter Moscow from further escalation.  

Those analysts and politicians who argued that the first wave of finely calibrated sanctions would be insufficient to change Moscow’s co…

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