One expert thinks the U.S. overestimates the impact that some countermeasures will have on the Russian president.
held in overseas accounts, banning U.S. imports of Russian oil, and seizing real estate, yachts and other property belonging to Russian oligarchs with ties to Russian President Vladimir Putin
Tania Babina, a Ukrainian economist and assistant professor of business and finance at Columbia Business School, told CBS News the reasoning behind some of the sanctions is flawed. For example, seeking to punish Russian financial elites by confiscating their wealth is unlikely to sway Putin, saying such hopes underestimates his power.
Putin's control over media in Russia also must be taken into account in assessing the impact of sanctions. Julia Ioffe, who has covered the Kremlin for more than a decade and is a founding partner of the news site Puck,that two-thirds of Russians support the invasion"because the war that they're approving of is not the actual war that's happening."
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