Russia’s military assault on Ukraine has prompted other countries to impose an extraordinary set of coordinated economic sanctions against Russia. The measures aim to limit customary trade and financial relations with Russia, penalize Russian oligarchs for supporting President Vladimir Putin and potentially cripple Russia’s economy, all in hopes of first deterring Putin from engaging in and then continuing acts of war. But the breadth and severity of these actions vary greatly, and their full effects on the Russian economy are still unfolding, as are the related implications for economic… …read more
