Articles on Economic sanctions

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People in the Russian city of St. Petersburg stand in line to withdraw U.S. dollars and euros from an ATM. Ordinary Russians faced the prospect of higher prices as western sanctions over the invasion of Ukraine sent the ruble plummeting. (AP Photo/Dmitri Lovetsky)

From soaring gas prices to another world war, economic sanctions can lead to dire unintended consequences

Over-reliance on sanctions and economic warfare measures have led to strategic complacency and the avoidance of negotiations on the part of the western governments.
Ordinary Russians are facing the prospect of higher prices as western sanctions over the invasion of Ukraine sent the ruble plummeting. That’s led uneasy people to line up at banks and ATMs on Monday in a country that has seen more than one currency disaster in the post-Soviet era. (AP Photo/Pavel Golovkin)

The Russian economy is headed for collapse

With Russia’s “great power status” tied closely to economic power, the country’s crumbling economy is putting Putin’s claims to legitimacy at risk.
Women look at a screen displaying exchange rate at a currency exchange office in St. Petersburg, Russia. The Russian currency has plunged against the U.S. dollar after the West imposed severe economic sanctions. (AP Photo/Dmitri Lovetsky)

Ukraine invasion: Why Canada should rethink its approach to economic sanctions

Some economic sanctions may violate international law principles, including those the sanctions are intended to enforce. They may therefore undermine the very legal regimes Canadians champion.
People walk past a currency exchange office screen in Moscow displaying the exchange rates of the U.S. dollar and the euro and to the Russian ruble a few days after Vladimir Putin’s invasion of Ukraine. Economic sanctions have caused the currency to plummet, causing hardship to citizens. (AP Photo/Pavel Golovkin)

Economic sanctions will hurt Russians long before they stop Putin’s war in Ukraine

As the world rightfully fears for the Ukrainian people, we must not turn a blind eye to Russians who are also Putin’s victims and will suffer the most from economic sanctions.
A line of cars spills on to the street as drivers wait to fill their tanks at a fuel station in Cabimas, Venezuela, in May 2019. U.S. sanctions on oil-rich Venezuela appear to be taking hold, resulting in mile-long lines for fuel and other hardships. AP Photo/Rodrigo Abd)

Canada’s misguided Venezuela policy and the inhumanity of sanctions

The devastating costs of economic sanctions on Venezuela are being ignored or disregarded. So too is the lack of a legal basis for international intervention.
Canadian troops arrive to a UN base in Gao, Mali, on in June 2018, amid an insurgency by jihadist and ethnic rebel groups. Canada has yet to impose sanctions on the African country because it lacks names to target for asset freezes and other measures. THE CANADIAN PRESS/Sean Kilpatrick

Canada’s growing challenges with economic sanctions

The federal government has set aside $22.2 million to develop and co-ordinate sanctions while educating Canadians about their obligations. Where to start is the first question.
In this 2015 photo, Ensaf Haidar, wife of the jailed Saudi Arabian blogger Raif Badawi, shows a portrait of her husband in France. The arrest of Badawi’s sister is at the heart of a diplomatic spat between Canada and Saudi Arabia that will significantly affect trade between the two countries. (AP Photo/Christian Lutz)

The major trade implications of the Canada‑Saudi Arabia spat

The diplomatic spat between Canada and Saudi Arabia could have serious economic ramifications as well. When diplomatic ties are cut, research shows trade suffers significantly.
Foreign Affairs Minister Chrystia Freeland and U.S. Secretary of State Rex Tillerson speak following a meeting on the security and stability on the Korean Peninsula in Vancouver. THE CANADIAN PRESS/Jonathan Hayward

China the winner after pointless Canada‑U.S. meeting on North Korea

China is succeeding in a high-stakes poker game on the Korean Peninsula. Did Canada and the U.S. just play into Chinese hands?

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