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Articles on Russia Sanctions

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Gas prices are displayed at a gas station in Frankfurt, Germany. OPEC countries have decided to cut oil production by 2 million barrels per day in response to rising global interest rates. (AP Photo/Michael Probst)

Sanctions on Russia are increasing, not decreasing, its revenue

The impact of oil sanctions on Russia is limited compared to the severe repercussions they have on the global economy and other countries’ abilities to achieve energy security and transition.
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.
Members of Congress give Ukrainian President Volodymyr Zelensky a standing ovation during a speech by videoconference on Capitol Hill in Washington, D.C., on March 16, 2022. Ukraine says it is pioneering a new source of financial support: cryptocurrency. (Sarahbeth Maney/The New York Times via AP)

How the Russia-Ukraine conflict has put cryptocurrencies in the spotlight

Cryptocurrency allows Ukraine to get quick financial support, and Russia, to bypass international sanctions and protect some of its economic interests.
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.
Russians in Moscow and elsewhere flocked to ATMs to withdraw cash, fearful that the ruble will plunge further due to Western sanctions. AP Photo/Victor Berzkin

US-EU sanctions will pummel the Russian economy – two experts explain why they are likely to stick and sting

By working with allies, the Biden administration has been able to place severe sanctions on Russia – including targeting Putin’s inner circle and banning banks from SWIFT.

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