Tag: Russian financial institutions
The Four Ways Sanctions Work (Or Don’t)
The United States, the European Union, and countries around the world have cut Russia out of the global economy. Moscow’s central bank is struggling to support the ruble. Russian financial institutions are blocked from the global payments system. Far-reaching import and export bans have choked off trade to and from the country. Russian markets have seized. Will these sanctions pressure Vladimir Putin to withdraw the Russian military from Ukraine? Or will their main effect be to hurt Russian civilians and