What economic sanctions have been imposed on Russia since its invasion of Ukraine?
Since Russia invaded Ukraine in February 2022, a coalition of countries including the US, UK, EU, Australia, Canada, and Japan have imposed over 16,500 sanctions on Russia. These sanctions primarily target Russia's financial system, resulting in approximately $350 billion in foreign currency reserves being frozen, which represents half of Russia's total reserves. These extensive economic measures are designed to pressure the Kremlin by severely limiting Russia's financial capabilities and international economic access. The freezing of such a significant portion of Russia's foreign currency reserves demonstrates the unprecedented scale of the international response to the invasion.
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Sanctions on Russia: A Financial Overview
WION·8 months ago