Friday, 7 March 2014

Garry Kasparov: The West should sanction the Russian oligarchs

Many western pundits still think that Vladimir Putin is defending Russia's "interests" (some even call them "legitimate") in Ukraine and elsewhere. Garry Kasparov, writing in the WSJ, knows better:

As I have said for years, it is a waste of time to attempt to discern deep strategy in Mr. Putin's actions. There are no complex national interests in a dictator's calculations. There are only personal interests, the interests of those close to him who keep him in power, and how best to consolidate that power. Without real elections or a free media, the only way a dictator can communicate with his subjects is through propaganda, and the only way he can validate his power is with regular shows of force.
Inside Russia, that force comes with repression against dissidents and civil rights that only accelerated during the distraction of the Sochi Olympics. Abroad, force in the form of military action, trade sanctions or natural-gas extortion is applied wherever Mr. Putin thinks he can get away with it.--
Kasparov also knows what kind of sanctions would be effective:
Thanks to their unfettered access to Western markets, Mr. Putin and his gang have exploited Western engagement with Russia in a way that the Soviet Union's leaders never dreamed of. But this also means that they are vulnerable in a way the Soviets were not. If the West punishes Russia with sanctions and a trade war, that might be effective eventually, but it would also be cruel to the 140 million Russians who live under Mr. Putin's rule. And it would be unnecessary. Instead, sanction the 140 oligarchs who would dump Mr. Putin in the trash tomorrow if he cannot protect their assets abroad. Target their visas, their mansions and IPOs in London, their yachts and Swiss bank accounts. Use banks, not tanks. Thursday, the U.S. announced such sanctions, but they must be matched by the European Union to be truly effective. Otherwise, Wall Street's loss is London's gain, and Mr. Putin's divide-and-conquer tactics work again

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