News Snapshot:
Shortly after Russia invaded Ukraine, in February, dozens of countries responded with coordinated sanctions against the aggressor. They had three aims: to cripple the Russian economy by limiting the ability of banks to access dollars and the US financial system; to curtail exports of hi-tech goods and services to reduce Russia’s ability to fight the war; and to target allies of the Kremlin and businesses. This unprecedented economic coercion has not been able to obliterate the Kremlin’s resolve for war or its economic capability. Nor have the sanctions crushed Russia’s standard of living. But look closely, and you will see...
