Paul Krugman has some observations in his column this morning that reinforce this diary:
Putin isn’t the first brutal dictator to make himself an international pariah. As far as I can tell, however, he’s the first to do so while presiding over an economy deeply dependent on international commerce — and with a political elite accustomed, more or less literally, to treating Western democracies as their playground.
Finally, as I noted last week, Russia’s oligarchs have stashed most of their assets overseas, making them subject to freezing or seizure if democratic governments can muster the will. You might say that Russia doesn’t need those assets, which is true. But everything Putin has done in office suggests that he considers it necessary to buy oligarchs’ support, so their vulnerability is his vulnerability.
The oligarchs’ vulnerability is Putin’s vulnerability. Biden and the EU appear to have found Putin’s achilles heel. Hmmm.
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