Economic Sanctions

The G7 and the wider West have done a solid job targeting the Russian economy. Now, they need to keep up the pressure.

The return of great power rivalry is stoking renewed fears of weakening Western currency dominance. Financial sanctions are becoming the preferred economic tool for accomplishing geopolitical goals.

The Atlantic Council’s 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.

As the world seeks ways to end the Russian invasion of Ukraine, Oleksandr Novikov of Ukraine’s National Agency on Corruption Prevention says dramatically expanded personal sanctions are the most effective available tool.

With each recession, Russian institutions—and the population itself—have become increasingly inured to economic trauma.

Atlantic Council experts weigh in on whether a G7-driven price cap on Russian oil will have the intended effect.