Russia is one of the world’s most sanctioned countries. By imposing an unprecedented package of sanctions after Russia’s invasion of Ukraine this year, the West hoped to make Russia a global economic pariah. The synchronized approach strengthened the blow of the initial package, and continuous coordination is allowing partners to spot the gaps in the sanctions regime and try to fill them.
There is significant overlap on sectoral sanctions in finance, in defense, and in drilling technologies for hydrocarbons. Many of these measures have been in place since 2014. But large discrepancies still exist between jurisdictions’ listings of entities and individuals.
The Atlantic Council’s new Russia Sanctions Database tracks the level of coordination among Western allies in sanctioning Russian entities, individuals, vessels, and aircraft—and shows where gaps still remain.
Explore the searchable database below to explore the gaps in Western sanctions against Russian entities, individuals, aircraft, and vessels.
Six jurisdictions covered in this database are the United States, the United Kingdom, the EU, Switzerland, Canada, and Australia.
Sanction subsidiaries too. Looking at the visuals above, one thing stands out: The United States imposes the highest number of sanctions against Russian entities, while other jurisdictions tend to designate mostly individuals. One explanation is that when the United States designates an entity, it goes after subsidiaries too. For example, as shown in the database above, all six jurisdictions sanctioned Joint Stock Company Sberbank, but only the United States sanctioned Sberbank’s forty-two subsidiaries. Similarly, the United States sanctions Alfa-Bank and VTB Bank subsidiaries. By adding subsidiaries to their sanctions lists, US partners could enhance the multilateral sanctions regime and the enforcement of it.
Sort lists by a “theme.” Now that all jurisdictions have increased the number of sanctions exponentially, they should also better organize their lists. Follow the example of the United States, whose lists with a Russia focus are organized by theme. For example, as shown in the sanctions lists underneath the database, US lists are at the intersection of issues such as Russia and energy security or Russia and cybersecurity. Most other countries’ lists included in this database tend to focus on Russia but lack any thematic breakdown. If all sanctioning authorities added a thematic focus to Russia sanctions programs, that system could be helpful in organizing and making ever-growing Russia sanctions lists more legible to counterparts and to the private-sector practitioners who are responsible for implementing the sanctions.
Sanctioned individuals spotlight
Authors: Maia Nikoladze, Charles Lichfield
Econographics Sep 8, 2022
Global Sanctions Dashboard: Sanctioning soars across the board
By Charles Lichfield, Maia Nikoladze, and Castellum.AI
In this edition of the Global Sanctions Dashboard, we look at the recently expanded sanctions against Iran just as negotiations over a potential US return to the Iran nuclear deal reach their endgame.
At the intersection of economics, finance, and foreign policy, the GeoEconomics Center is a translation hub with the goal of helping shape a better global economic future.