Ultimately, the goal of our sanctions is to make this a strategic failure for Russia. And let’s define a little bit of what that means.

Strategic success in the 21st century is not about a physical land grab of territory. That’s what Putin has done.

In this century, power – strategic power is increasingly measured and exercised by economic strength, by technological sophistication, and your story – who you are, what your values are, can you attract ideas and talent and goodwill. On each of those measures, this would be a failure for Russia.

Daleep Singh, 22nd Feb, 2022

Deputy National Security Advisor for International Economics