Articles on Sanctions

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Sanctions intended to be biting have more often been toothless and about giving supporters the warm, fuzzy feeling that comes from taking a principled stand. Cat dollar via www.shutterstock.com

Sanctions and divestment are feel‑good policies that often fail

Sanctions have a terrible track record of success because they’re usually too weak to work and too easy to get around.
Foreign ministers Julie Bishop and Mohammad Zarif demonstrated a growing rapport between Australia and Iran in reaching agreement on some but not all fronts during her visit to Tehran. EPA

Ms Bishop goes to Tehran: a story of good news and bad news

Australia made progress on restoring trade and sharing intelligence on Islamic State in Iraq. Iran was less open to accepting the return of asylum seekers, which may prove a blessing in disguise.
It is estimated that 73,000 people died within seconds in Nagasaki, the second Japanese city to fall victim to the atomic bomb. AAP/Nagasaki Atomic Bomb Museum

The nuclear threat: reflections on the atomic age

With the end of the Cold War, the nuclear arms race came to a virtual halt, but the nuclear threat remained. In regional rivalries, such as those in the south Asia subcontinent, northeast Asia, and the…
The first casualty of the Russian rouble crisis. Hint: it’s not Bruce Willis. www.trustbank.ru

Bank bailouts begin as Russia faces biggest challenge to date

The dramatic slide in the value of the rouble has claimed its first banking casualty. Trust Bank is being bailed out by the Russian Central Bank to the tune of US$530m. The emergency liquidity line is…
EPA/Sergei Chirikov

Putting the boot in Putin

Sanctions work. Russia’s problems may be manifold and closely related to the precipitous decline in the price of oil, but sanctions have played an important part in bringing Russia to its economic knees…
Time for Brazil to pull in the harvest? Sweeter Alternative

Hard Evidence: who will reap rewards from Russia farm sanctions?

The Russian ban on the imports of some agricultural products from the US, the European Union, Australia, Canada and Norway has sparked much debate over the likely impact on American and European farmers…
Thanks to sanctions, prices for fish in Russia have spiked by up to 50%. Anatoly Maltsev/AAP

Sanctions are taking Russia back to the worst days of the USSR

When Russia announced counter-sanctions against the European Union, USA, Canada and Australia banning imports of food items from those countries, it was clear there would be imminent consequences. But…
Compensating their exporters. EPA/Wolfgang Kumm

How the EU is handling Russia’s food import ban

The European Commission has announced emergency EU funding of €125m for fruit and vegetable growers hit by the ban imposed by Russia on imported Western food in retaliation for the West’s own sanctions…
No more Spanish strawberries? Excellent news for this lady. Sparkle Glowplug

Why farmers in Belarus will profit under Putin’s sanctions

Increasingly the saga of East-West economic relations is developing independently of the actual conflict in Ukraine and the surrounding region, leading to various unexpected outcomes. Take Russia’s own…
Isolated by sanctions - but does Putin care? EPA/Mikhail Klimentyev/Ria Novosti

Explainer: how will sanctions against Russia work?

The sanctions against Russia just announced by the EU and the US are widely reported to be the harshest since the end of the Cold War. The package includes cutting off Russia’s state-owned banks from international…
Comprehensive sanctions on Iraq started the modern debate on targeted measures. Adrian Dennis/EPA

Explainer: do sanctions work?

There seems to be a near-consensus that the West must “do something” to prevent instability in Ukraine and Russia’s other neighbours. But should that something include wider sanctions, targeting not just…

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