The Obama administration continues to search for some sort of payback against Vladimir Putin, so that Russia’s alleged interference in the U.S. election will not have been completely cost-free for the Russian president. Yet, by all accounts, President Barack Obama has rejected the idea of trying to expose the hidden wealth and financial shenanigans of the Putin inner circle. That, we are told, would be a big yawn: the Russian public just doesn’t care.

This is the wrong decision and the logic behind it, while not completely ridiculous, is faulty in two crucial ways.

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