What experts are saying about Sanctions
Economic sanctions — how states use financial and trade restrictions as instruments of foreign policy.
“International sanctions force Russia to sell its crude oil at a significant discount.”
— Alexandra Prokopenko
“97% of individual deposits in Russia are held in banks that are subject to international sanctions.”
— Alexandra Prokopenko
“The European-led INSTEX platform, designed to bypass U.S. sanctions on Iran, completely failed because European banks feared U.S. secondary sanctions.”
— Edward Fishman
“At the start of the Ukraine war, European sanctions froze about half of Russia's foreign exchange reserves, which had been moved from U.S. dollars into euros.”
— Ike Fryman
“Two tankers subject to U.S. sanctions reversed course when the naval blockade restrictions were implemented.”
— Sarah Holder