2min chapter

Hidden Forces cover image

How Sanctions and Export Controls Weaponize Global Trade & Finance | Agathe Demarais

Hidden Forces

CHAPTER

The Importance of Multilateral Sanctions

Russia had about $640 billion in foreign exchange reserves before the invasion, and Western countries were able to freeze half of that. Russia has still been able to sell oil and liquefied natural gas as well on the international market. Granted it's impacted. They've had to sell it at a discount. How effective have these sanctions been and how much have the Russians evaded them? And how much is the evasion part of the plan around the sanctions?"

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