Russia Sanctions
Russia’s ‘Shadow Fleet’ Is Sailing Circles Around Western Sanctions
Western efforts to choke Russia’s oil profits are failing as production cuts agreed with Saudi Arabia push the market price towards US$100 a barrel and Russia’s biggest customers—China and India—start...
Will the Russian Oil Price Cap Work?
On December 5, G7 countries are set to implement a “price cap policy” on Russian seaborne petroleum products. According to a policy guidance released by the U.S. Treasury Department last...
Russia’s Gas Diplomacy Undercuts Western Sanctions
On October 14, the Department of Treasury, Commerce, and State issued a report detailing how American sanctions and export controls have severely limited Russia’s ability to wage its war in...
U.S. Charges Russians With Sanctions Violations
The Department of Justice announced on Wednesday that it had charged five Russian and two Venezuelan nationals with violating U.S. sanctions, claiming that they had purchased military technology from manufacturers...
Have Sanctions on Russia Worked?
On Wednesday, the Senate Foreign Relations Committee held a hearing titled “Keeping the Pressure on Russia and Its Enablers: Examining the Reach of and Next Steps for U.S. Sanctions,” in...
The Battle Over Russian Oil Is Just Beginning
On September 2, the finance ministers of the G7 countries—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States—released a statement confirming their plans to implement price caps...
Have Western Sanctions Against Russia Failed?
Russia’s economy shrank by 4 percent year-on-year over the second quarter, according to data published by Russian federal statistics service Rosstat. The plunge, though significant in absolute terms, was not...
Russia Pursues Payment Diversification to Work Around Sanctions
Russia is seeking payment in United Arab Emirate (UAE) dirhams for oil exports to certain Indian customers, according to a Reuters report. An invoice reviewed by Reuters shows the bill...
Why India and China Won’t Sanction Russia
During his recent visit to India, British prime minister Boris Johnson stated that Russia and India’s historical ties are well-known and unlikely to change. Nonetheless, Johnson also offered to augment...
Putin Pushes Back: Russia Unveils New Sanctions Against the West
Russian president Vladimir Putin has signed a decree unveiling tit-for-tat sanctions against the West. The decree, which was announced on Tuesday, introduced sweeping restrictions on conducting transactions with all of...
The West’s Economic War Against Russia Is Imperiling the World
An extraordinary feature of the Ukraine crisis is the way it has imperiled three other “global goods”: efforts to address climate change, energy security, and poverty. Under the impetus of...
U.S. Sanctions on Russia Should Not Punish Central Asia
Vladimir Putin’s Russia deserves the full brunt of every economic sanction that can be levied against it; all weapons of economic statecraft should be wielded to make the Kremlin abandon...