Sanctions and Their Ripple Effects

This chapter explores the extensive sanctions imposed on Russia following its invasion of Ukraine, focusing on major actions by democracies such as blocking Russian banks from SWIFT and targeting influential oligarchs. It analyzes the potential ban on Russian oil imports and how these sanctions are impacting both the Russian economy and global oil prices. The chapter also discusses the dual nature of these sanctions, highlighting the economic challenges faced by ordinary Russians and the potential repercussions for Western nations.