The NYT named the main trump card of Ukraine for future negotiations with Russia.

Economic sanctions have not been able to deprive Putin of power

Predicts that economic restrictions would lead to a decline in Vladimir Putin's influence or to the collapse of the ruble have not come true. Putin continues to rule the country, and his troops continue aggression in Ukraine, reports a journalist from The New York Times.

Economic sanctions have not stopped the war, but have limited Moscow's ability to fight effectively. 'Sanctions have become a problem for Putin and saved lives in Ukraine. Without them, Russia might have already won the war,' notes Russian economist Sergey Guriev.

During Trump’s negotiations with Putin, sanctions will become an 'extremely valuable trump card', says Elina Ribakova from the Kyiv School of Economics. The most effective were the sanctions related to the global financial system, where the US had a special influence.

However, even trump cards may be insufficient to convince Putin to make a decision that would satisfy Ukraine and its European allies, says Patricia Cohen.