"It's extremely expensive, extremely painful but what Putin wants instead is for us to say, okay, you can have Ukraine, we're going to end our sanctions." Sanctions will have an effect on Putin eventually but only if we are consistent, says Bill Browder.

Vladimir Putin has threatened to cut off energy supplies if price caps are imposed on Russia’s oil and gas exports. Speaking at an economic forum in Vladivostok in Russia's far east, the president said Russia 'will not supply anything at all if it contrad...