Given that the concept has been around since at least the Greek ages*, it's a little worrying that there is still so much debate about whether economic sanctions actually work or not.
Right now, that problem appears especially acute: Sanctions seem to be the main, if not only, Western weapon for dealing with Russian aggression in Ukraine. Just Monday, the United States announced sanctions on those individuals close to President Vladimir Putin, part of a broader campaign of targeted visa bans and asset freezes on the Russian elite over Russia's actions in Ukraine. However, the success of the sanctions already in place is proving hard to ascertain: As Russia’s deputy prime minister said of the last round of U.S. efforts: "Send me your teeth ground in impotent rage."
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