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Have Russian Sanctions Worked? - The New Global Order

Summary by The New Global Order
With the war in Ukraine almost hitting the two year mark, Russia is now the most sanctioned state, with around 70% of assets in Russian banks being frozen. The US, EU and other Western states and organisations have placed numerous economic sanctions on Russia ever since the annexation of Crimea in 2014 (BBC News, 2024). Since the Russian invasion of Ukraine in 2022, the UK and the US have banned Russian oil and natural gas imports, whilst the EU…
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The New Global OrderThe New Global Order

Have Russian Sanctions Worked? - The New Global Order

With the war in Ukraine almost hitting the two year mark, Russia is now the most sanctioned state, with around 70% of assets in Russian banks being frozen. The US, EU and other Western states and organisations have placed numerous economic sanctions on Russia ever since the annexation of Crimea in 2014 (BBC News, 2024). Since the Russian invasion of Ukraine in 2022, the UK and the US have banned Russian oil and natural gas imports, whilst the EU…

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The New Global Order broke the news in on Wednesday, January 15, 2025.
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