The west wants to punish Russia for the war in Ukraine, but there are huge potential downsides.
Articles on Russian central bank
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One of the main minds behind sanctions on Russia, Russian economist and political refugee Sergei Guriev is adamant about their restraining power on the Kremlin.
The president’s regime has been planning for a trip to the international deep freeze for many years.
Most media coverage has tended to focus on the Swift payments messaging system as the crux of Russia sanctions, but it’s actually peripheral.
By working with allies, the Biden administration has been able to place severe sanctions on Russia – including targeting Putin’s inner circle and banning banks from SWIFT.
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Senior Lecturer in Economics, Cardiff University
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Professor of Financial Economics, Loughborough University
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Hesburgh Professor of Peace Studies, Emeritus, University of Notre Dame
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Professor of Economics, University of Sussex Business School, University of Sussex
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Professor Emeritus, Kroc Institute for International Peace Studies, University of Notre Dame
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Professor of economics, Sciences Po