Sanctions towards Russia resemble boxing matches

First appeared at Policy Center for the New South

The financial sanctions towards Russia introduced final week by the USA and Europe following the navy invasion of Ukraine are having a profound impression on the Russian economic system whereas additionally having repercussions at house. As in a boxing match, the expectation is that blows to the opponent can knock them out, regardless of the publicity on the punching facet.

The US has utilized some sectoral and restricted financial sanctions towards Russia because the annexation of Crimea in 2014 and the navy clashes in jap Ukraine. Nothing comparable, nonetheless, to what was introduced final week, after the entry of Russian troops into Ukraine.

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