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For months, Western allies have been passing package after package of economic penalties against the Russian Federation, in response to that country’s invasion of Ukraine. But the signals from Russia about the impact of these sanctions are mixed. What is the real effect of these punishments, and are they hurting Europe more than than Russia?

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#Sanctions #Russia #Ukraine

The United States and its allies have released an unprecedented and sweeping set of sanctions and export controls in response to Russia’s invasion of Ukraine. This includes blocking sanctions on most major Russian banks, asset freezes on Russian elites, and a broad set of restrictions on exports of technology to Russia. Over the weekend, we saw a direct hit on “Fortress Russia” with the announcement of sanctions on Russia’s central bank, along with removing select Russian banks from the SWIFT system and sanctions on Putin himself. The allies have avoided the energy sector, with the notable exception of sanctions related to Nord Stream 2.

Join CNAS on Wednesday, March 2, from 9:00AM to 10:00AM EST for a discussion of what these new sanctions and export controls mean, how they will impact the Russian and global economies, and what to expect next in the economic domain from the United States and allies. We will also examine how sanctions and export controls will be enforced and whether China can act as a spoiler to the strong, coordinated effort from the allies. Additional speakers to be confirmed.

For more information visit: https://www.cnas.org/events/rapid-response-sanctions-beyond-deterrence-effects-at-home-and-abroad

Ukraine continues to be on a military roll. Its army has made its biggest breakthrough against Russian forces in the south of the country since the war there began.

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Ukrainian troops are advancing near the southern city of Kherson after recapturing several villages in the region. They’ve also consolidated gains in the east.

Our International Editor Lindsey Hilsum has tracked the route of the Ukrainian counter-offensive from Izium toward Lyman – stopping in the villages of Yatskivka and Sviatogirsk along the way.

Filmed and edited by Soren Munk and produced by Rob Hodge.
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