German banks located outside of areas regulated by a key financial watchdog sharply increased business with sanctioned countries.
Articles on financial sanctions
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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.
The West broke an implicit contract when it denied Russia access to its foreign reserves on February 27. It’s hard to see a way back.
A feature of the international community’s response to Russia’s aggression against Ukraine has been the adoption of sanctions. So what are sanctions? And are they likely to have any meaningful impact?
Denying Russia’s central bank access to its offshore reserves threatens hyperinflation, a recession and massive unemployment.
Top contributors
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Visiting Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Associate professor of finance, HEC Paris Business School
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Associate Professor of Political Economy, Department of Politics, York University and former Canadian Diplomat, York University, Canada
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professor, Western Sydney University