35411. Lessons from Russia and the Future of Sanctions
- Author:
- Peter Harrell
- Publication Date:
- 09-2015
- Content Type:
- Policy Brief
- Institution:
- Center for a New American Security (CNAS)
- Abstract:
- U.S. and European sanctions on Russia mark a significant evolution in the sanctions toolkit. Officials deployed novel types of financial and energy sanctions to create a regime that imposed significant costs on Russia while minimizing collateral impacts on the U.S. and European economies. The U.S. and European decision to create these new tools was driven by the need to take an innovative approach to sanctions against an economy twice the size of the combined gross domestic products (GDPs) of all other countries subject to significant U.S. economic sanctions and on Russian companies that play an important role in global markets. These developments, while tailored to Russia’s unique circumstances, hold important lessons for the future of sanctions policy.
- Topic:
- Foreign Policy, Cold War, Economics, International Trade and Finance, and Sanctions
- Political Geography:
- Russia