| Author (Person) | Bond, Ian, Meyers, Zach |
|---|---|
| Publisher | Centre for European Reform (CER) |
| Series Title | CER Policy Brief |
| Publication Date | March 2022 |
| Content Type | Research Paper |
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Summary: The West’s unprecedented sanctions against Russia following its invasion of Ukraine were warranted. But after the initial flurry of sanctions, Western leaders needed to take a more strategic approach. Western countries and institutions moved very quickly after the attack to impose far-reaching coercive sanctions, including freezing the Central Bank of Russia’s access to most of its foreign exchange reserves. But coercive sanctions were unlikely to work against a government willing to see its population suffer and able to repress any popular dissent. They would also lose some of their effectiveness over time. The EU then started to impose constraining sanctions, such as limits on technology exports to Russia. These would probably need to be in place for the long term, with the aim of eroding Russia’s industrial base; suppressing its capabilities; and thwarting its economic ambitions so it poses less of a threat in future. Western governments must be clear that constraining sanctions serve an important purpose, even if their effects are not immediately obvious. |
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| Source Link |
https://www.cer.eu/publications/archive/policy-brief/2022/russia-ukraine-west-needs-sanctions-strategy
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| Subject Categories | Economic and Financial Affairs, Politics and International Relations, Security and Defence |
| Subject Tags | Foreign Policy Instruments, Wars | Conflicts |
| Keywords | Sanctions | Restrictive Measures, War in Ukraine (2022-) |
| Countries / Regions | Russia, Ukraine |
| International Organisations | European Union [EU] |
