The price of principles by Robert Perez

There is something very convenient about imposing economic sanctions when you are not the person checking the heating bill. You can condemn Moscow over breakfast, announce another package of restrictions before lunch, and deliver a magnificent speech about democratic values in the afternoon. Then winter arrives, energy prices climb, inflation eats another hole in household budgets, and suddenly the champions of economic warfare discover that principles, like everything else, have a price tag.

Welcome to the Western sanctions dilemma, where geopolitical morality meets the supermarket till and loses some of its rhetorical confidence. Sanctions against Russia were never supposed to be painless. The objective was to restrict the Kremlin’s financial oxygen, weaken its capacity to wage war, and demonstrate that territorial aggression carries consequences. There is a legitimate argument for all three objectives. The question is whether Western governments have confused imposing punishment with achieving results, as if every additional restriction automatically brings Moscow closer to surrender.

It does not. Russia has adapted, redirected trade, cultivated alternative buyers and developed mechanisms to survive the economic siege. That does not mean sanctions are useless, nor does it mean they have failed completely. It means economic warfare is a contest of endurance, adaptation and political will. And political will is precisely where the cracks begin to appear.

The Kremlin can afford to treat hardship as a strategic instrument. Authoritarian governments routinely transfer the cost of their ambitions onto populations with limited opportunities to challenge them. Western democracies, meanwhile, must explain to pensioners why heating their homes has become a luxury, to workers why transport costs keep climbing, and to families why the weekly shopping basket resembles a financial ambush.

A government can survive an unpopular winter, perhaps. Repeated winters of rising bills, stagnant purchasing power and political lectures about sacrifice are another matter. The danger is not simply inflation. It is the growing suspicion that ordinary citizens are being asked to finance a geopolitical strategy whose objectives remain distant, whose timetable is uncertain and whose costs are distributed with astonishing unfairness. Wealthier households can absorb expensive energy. Poorer families must choose between warmth, food and other essentials. Apparently, the defence of the international order comes with a means-tested heating policy, although nobody has had the courage to advertise it.

And here lies the hypocrisy. Politicians celebrate national resilience while quietly hoping that voters will confuse endurance with consent. They demand sacrifices from citizens but rarely explain what measurable outcome would justify them, how long the sacrifice might last, or what happens if the adversary simply refuses to break.

Sanctions are not a moral trophy. They are an instrument of policy, and instruments must be judged by their effectiveness, not by the righteousness of the hands holding them. Yet abandoning sanctions whenever energy prices rise would be equally foolish. It would teach Moscow, and every other government contemplating aggression, that Western resolve has an expiry date determined by the next electricity bill. Apply enough economic pressure, wait for voters to become angry, and watch democratic governments negotiate against their own domestic exhaustion.

That is not a sustainable strategy either. The answer is neither unconditional escalation nor an embarrassing retreat disguised as pragmatism. It is a sanctions policy connected to clear objectives, coordinated enforcement, serious investment in energy security, diversified supplies and targeted protection for vulnerable households. Governments must close loopholes, confront evasion and stop pretending that announcements are equivalent to achievements. They must also be honest about the costs and establish criteria for reviewing measures that produce diminishing returns.

Most importantly, Western leaders must stop selling sanctions as a painless substitute for difficult foreign policy decisions. Economic pressure can constrain an aggressor, but it cannot guarantee political capitulation. Anyone promising otherwise is selling certainty in a market where none exists.

The fundamental problem is not that principles have become too expensive. It is that politicians have repeatedly behaved as though principles can be defended without a credible plan for paying the bill. Democracy cannot demand infinite patience from citizens while offering them an infinite supply of slogans. Nor can it abandon international law every time the price of heating rises.

The West must decide what it is prepared to sacrifice, for how long, and towards what achievable end. Otherwise, sanctions risk becoming a magnificent exercise in moral theatre: Moscow adapts, politicians congratulate themselves, and ordinary Europeans keep paying for the performance. Principles matter. But if governments cannot explain how their economic weapons are supposed to win the war they were designed to influence, perhaps the first thing requiring sanctions is their own political complacency.


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The price of principles by Robert Perez

There is something very convenient about imposing economic sanctions when you are not the person checking the heating bill. You can condemn...