The latest measures are far more effective than Western powers’ past efforts to target Russia’s elite.
The United States, United Kingdom, and European Union had barely announced sanctions on overseas Russian wealth when the oligarchs began to whine and protest. That meant the policy—enacted after Russia invaded Ukraine—was working as intended, to punish Russia’s elites for supporting President Vladimir Putin. By last weekend in Moscow, the Russian-state-television host Vladimir Solovyev raged on camera over what the sanctions would mean for him personally: loss of access to his two luxury homes in Lake Como, Italy, near the villa of George Clooney.
