Sanctions against Russia will work if the West is willing to tackle its own corruption
Paul Krugman writes: The Europeans, unfortunately, have fecklessly allowed themselves to become highly dependent on imports of Russian natural gas. This means that if they were to attempt a full-scale cutoff of Russian exports they would impose soaring prices and shortages on themselves. Given sufficient provocation, they could still do it: Modern advanced economies can be incredibly resilient in times of need. But even the invasion of Ukraine probably won’t be enough to persuade Europe to make those sorts of…