OFAC has targeted Russia’s major oil companies and insurers as well as over 180 tankers in the shadow fleet. But will it make a difference?

Moscow appeared ripe for Western-imposed economic pain after its invasion of Ukraine but today the country is thriving

The West’s economic war on Moscow post Ukraine invasion has had limited near term success

A new book shows how the unprecedented financial punishments failed to stop Russia, while revealing the American worst-case playbook.

Experts said Europe is ‘shooting itself in the foot’ with current sanctions strategy. They warned Russia is developing considerable resilience to sanctions regimes

LONDON, March 22 (Reuters) – Some western banks are lobbying against EU proposals to redistribute billions of euros in interest earned on frozen Russian assets, senior industry sources said, fearing it could lead to costly litigation. European Union leaders on […]

James Galbraith challenges common perceptions about western sanctions and their impact on Russia, revealing unexpected outcomes for its economy and development.

After Russia invaded Ukraine in 2022, Western nations imposed the most extensive sanctions and trade restrictions in history on Moscow. Today, Russia appears to be doing OK.

Grabbing Russian wealth would set a dangerous precedent and, worse, prolong the war in Ukraine.

In February 2022, when Russia finally invaded Ukraine to end the terrorist attacks and harassments that had killed 14,000 people in the secessionist provinces of Donetsk and Lugansk over the previous eight years, the Obama administration in Washington and its armchair warrior hero allies in Western Europe eager imposed on Moscow vastly more punitive sanctions than had ever been imposed on Nazi Germany, Imperial Japan or Fascist Italy when they were conquering and raping vast regions of the world in the 1930s.