For Russia, wartime brought on a change of values.
One of the enduring beliefs of liberal internationalism is that economic pressure can substitute for military force. Sanctions, trade restrictions and financial isolation are supposed to raise the costs of aggression to such an extent that governments eventually revise their aims. This faith has been widely applied to Russia’s war against Ukraine. As Russia’s economy shows signs of strain – slowing growth, persistent inflation, high interest rates and deteriorating investment prospects – hopes periodically re-emerge that economic pain will compel Moscow to change course.
History, however, offers limited comfort for this view. Wars are rarely abandoned because they become expensive. They are more often terminated when states are defeated militarily, when ruling coalitions fracture, or when regimes themselves collapse. Economic pressure, where it matters, tends to operate through these channels rather than through persuasion alone. The experience of Russia today fits this broader pattern. Its economy is under strain, but that strain is unlikely to prove decisive.
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