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Fortress Russia: Completely Lost in (Financial) Sanctions Warfare, A Deep Economic Crisis Is Unavoidable
Festung Russland: Völlig verloren im wirtschaftlichen Sanktionskrieg, tiefe Wirtschaftskrise unausweichlich
[Zeitschriftenartikel]
Abstract Russia has been preparing for years for measured Western economic and financial sanctions as part of its so-called Fortress Russia strategy. With the invasion of Ukraine, an unpredicted and extraordinarily broadbased spiral of sanctions has been unleashed by the Western world. Tools of economic warf... mehr
Russia has been preparing for years for measured Western economic and financial sanctions as part of its so-called Fortress Russia strategy. With the invasion of Ukraine, an unpredicted and extraordinarily broadbased spiral of sanctions has been unleashed by the Western world. Tools of economic warfare - specifically the freezing of substantial public and private funds - were deployed quickly, while "private" voluntary sanctioning (company withdrawals, supply stops in non-sanctioned sectors, etc.) has been unexpectedly comprehensive. The bulk of sanctions and company withdrawals will likely remain in place for a long time. Russia's economic crisis management has so far appeared eclectic and defensive; stronger countermeasures may yet follow. In the West, a clear strategy is needed to use the hundreds of billions of dollars/euros in frozen Russia-related funds as reparations for the reconstruction of Ukraine.... weniger
Klassifikation
Wirtschaftspolitik
Sprache Dokument
Englisch
Publikationsjahr
2022
Seitenangabe
S. 2-7
Zeitschriftentitel
Russian Analytical Digest (2022) 280
Heftthema
Sanctions against Russia: Russia's war in Ukraine on Social Media
DOI
https://doi.org/10.3929/ethz-b-000538061
ISSN
1863-0421
Status
Veröffentlichungsversion; begutachtet
Lizenz
Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0