Understandable outrage at the terrible fate of the 298 innocent passengers on flight MH17 has led Western leaders to reach for their favourite way of coercing rogue states into better behaviour. Sanctions have been ramped up on Russia, targeting key personnel around President Vladimir Putin and cutting specific sectors of the Russian economy off from fruitful business with US and EU partners. Russia now joins countries ranging from Belarus to Zimbabwe on the US Treasury’s list of states,...














