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In the Balance this week takes a closer look at economic sanctions. As Europe struggles to decide how to deal with Russia, we discuss whether sanctions have ever worked in the past and ask if they could persuade President Putin to do anything different.

Our guests include Maria Lipman in Moscow, professor Robert Pape, director of the University of Chicago's project on Security and Terrorism. And in London, James Nixey, head of the Russia and Eurasia program at Chatham House and Otilia Dhand, vice president of Teneo Intelligence.