Just test the damn thing already.
So the news this week is that the Obama Administration, which for the last five years has stayed its hand from sanctioning North Korea because of Chinese sensitivities, has just blocked the assets of top members of Vladimir Putin’s government over their seizure of the Crimea. That sounds like an effective way to piss them off, but I can’t see how it poses a serious threat to Russia’s economy or Putin’s domestic support, or how it will deter his next aggression. (If you want to...