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Articles on Economic sanctions

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People march in Saskatoon, Sask., with the flag of Ukraine during a rally mourning the deaths of civilians killed during the Russian invasion of Ukraine. THE CANADIAN PRESS/Heywood Yu

5 areas where Canada needs to step up on the war in Ukraine

Canada has played the role of a global peace advocate before. Rarely has the world needed it more than right now.
Everyday Russians, like these people in Moscow, may shoulder much of the burden of the world’s economic sanctions aimed at Vladimir Putin and his oligarchs. AFP via Getty Images

Economic sanctions may make Russians’ lives worse – without stopping Putin’s assault on Ukraine

Personalist dictators tend to shield the elites who support them from the economic pain of sanctions by pushing costs onto regular people.
The yacht Amore Vero is docked in the Mediterranean resort of La Ciotat, France. French authorities have seized the yacht linked to Igor Sechin, a Vladimir Putin ally who runs Russian oil giant Rosneft, as part of EU sanctions over Russia’s invasion of Ukraine. (AP Photo/Bishr Eltoni)

Sanctions against Russia are targeting the ‘elite’ — but did that work in Iran?

The targeting of elite interests has been at the centre of recent sanctions policies, including sanctions on Russia. We look at the effectiveness of targeting in Iran in the 2010s.
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.

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