Questions tagged [sanctions]

Sanctions are actions taken by countries against others for political reasons, either unilaterally or multilaterally.

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Difference between Western sanctions and Russia's choice to stop oil & gas

Just to be clear, I am neither in favour of Russia's war nor arguing against punishing it for the invasion. However, I have noticed a difference in rhetoric around what seems to me to be similar sorts ...
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7 votes
1 answer
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Statements on reasons to vote against US H. R. 6930, a bill to confiscate assets from sanctioned Russian oligarchs & use the funds to support Ukraine

What are the reasons that 8 US Representatives holding very different political views voted against US H. R. 6930, a bill to confiscate assets from sanctioned Russian oligarchs and use the funds to ...
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3 votes
1 answer
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Do Russian oil investments abroad fall into the scope of the sanctions?

In response to the Ukrainian war Europe, the US and few more countries have set up some sanctions against Russian interests, including Russian oil production. However Russian oil and gas companies ...
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Can taxes diminish Europe's dependency on Russian oil?

Can (higher) excise taxes, as well as taxes on cars with poor fuel economy, diminish the dependency of Russian oil? What are their advantages and disadvantages? PS: some believe that natural gas is ...
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Why hasn't any country condemned the human right abuses of Chinese government for their Zero-COVID policies (cf. Hong Kong and Xinjiang issues)?

In history, the human right abuses in China were often condemned internationally, for example the forced labors in Xijiang camps and the crackdown of Hong Kong protests. But it seems to me that the ...
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Fact-check: Has the US increased imports of Russian oil?

There have been reports that the US has increased imports of Russian oil over the past week: US ramps up oil imports from Russia, pursues own interests at expense of European allies amid Ukraine ...
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Oil sanctions "made the crisis in Venezuela worse for ordinary people, its existence is now its justification (and is) very hard to remove." Why so?

The NPR podcast and transcript As the price of gas goes up, can the U.S. turn to Venezuela for oil? features journalist and former New York Times Andes region bureau chief, and author of the book ...
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How are personal sanctions against Russian officials supposed to work?

I understand that most sanctions against Russia are expected to cripple its economy. The war in Ukraine would then become prohibitively expensive, and Russia would have to withdraw. I also see how ...
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5 votes
1 answer
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How successful was Russia in fighting off the "private embargo" imposed by Maersk, MSC, and CMA CGM?

A month ago news was that 3 large global [naval] shipping companies were suspending routes to Russia for all but essentials. While Russia has been fighting back some of the sanctions with fairly ...
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9 votes
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Who is in control of SWIFT sanctions?

After the Russian Federation invaded Ukraine in 2022, several Russian banks were banned from using SWIFT. According to Wikipedia, the Society for Worldwide Interbank Financial Telecommunication (...
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Does banning importing oil from Russia damage its economy in the short term? [duplicate]

Tucker in this video said that sanctions against Russia aren't hurting Putin and its side-effects are just hurting US people by raising gas price. Do US sanctions against Russia really not have any ...
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0 votes
1 answer
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Sanctions against Russia and Internet subscriptions [closed]

Sanctions against Russia become heavier by the day, and an answer to that question might not fit the situation in a few weeks. Please consider the situation as of today. Say a website located in the ...
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53 votes
4 answers
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What does Putin/Russia gain from only accepting payment for gas in Rubles?

Yesterday, Vladimir Putin announced that "unfriendly" countries would need to pay for Russian gas in Rubles in the near future. The news came with speculation that this is a move to prop up ...
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Why is Ukraine not stopping the transit of Russian gas in the context of its demand to boycott Russian gas?

As can be seen in this article from Germany, Zelenskyj calls for a gas boycott from Russia. At the same time, there is the transit of Russian gas through Ukraine. So why is Ukraine not stopping that ...
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Which countries issue sanctions against individuals and/or companies involved in significant corruption?

US Department of State has a list of Corrupt and Undemocratic Actors Report that includes individuals and companies that are sanctioned by the US, namely not allowed to enter in the US: Foreign ...
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13 votes
5 answers
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Do Western countries want for Russia to default or not on its foreign debt?

According to TASS, Russia should be able to avoid defaulting on its foreign debt because now, as opposed to 1998, it has enough financial reserves. However, the issue is that a big fraction of its ...
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2 votes
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Why is India able to continue buying Russian oil despite sanctions like CAATSA?

India buying Russian oil is not sanctioned. Why is CAATSA or other violations not applicable here? At a time like this, this seems odd. Even during peace buying S400 was much discussed as to sanction ...
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Why did Russia not lose its "most favored nation" status after the annexation of Crimea?

According to CNN, Russia's status as a "most favored nation" is being under scrutiny: As a member of the World Trade Organization, Russia is treated as a most favored nation, which gives it ...
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4 votes
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Has the US ever been sanctioned by another country? [duplicate]

The US and its Western allies use sanctions as an alternative to military action, or to express their displeasure. However, has the US ever been sanctioned? My search results only shows list of ...
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15 votes
8 answers
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Can the current European sanctions against Russia have a significant effect?

Many European countries and the EU itself have imposed economic sanctions on Russia over its invasion of Ukraine. However, according to this Guardian article citing this study, European nations are ...
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What will happen to the sanctions against Russia if it succeeds in conquering Ukraine? [duplicate]

I am wondering what will happen to all the sanctions against Russia if it succeeds in conquering Ukraine. As far as I understand it, the purpose of the sanctions against Russia, at this point in time, ...
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Which countries have blocked access to rt.com?

We know that the EU countries have blocked access to rt.com, and some people in India have also reported that they can no longer get to it. But not all western countries have blocked it. Does anyone ...
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18 votes
2 answers
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Why is China complying with sanctions against Russia?

I was surprised to learn that China seems to be complying with at least some sanctions against Russia: China has refused to supply Russian airlines with aircraft parts, an official at Russia's ...
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1 vote
1 answer
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What practical difference would it make, over the existing US sanctions, if Russia's PNTR status were revoked?

Apparently there's a difference of opinion between the White House and Congress on whether to revoke Russia's "permanent normal trade relations" (PNTR) with the US. What practical difference ...
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3 votes
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Is Bank for International Settlements (BIS) still providing financial services to Afghanistan?

After the Taliban takeover of Afghanistan in August 2021, most of the major central banks such as the Fed, Bank of England, and Bundesbank froze FX reserves of the Afghan central bank (DAB). As of ...
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0 votes
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Statistics by country/nationality of those sanctioned under the Magnitsky Act (incl. GMA)?

The 2012 Magnitsky Act and its 2016 "Global" [GMA] expansion allows the US authorities to sanction specific individuals for human rights violations. While there is a fairly detailed list on ...
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8 votes
4 answers
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Did the sanctions against Russia take into account that oil price might neutralise their effect?

Western countries imposed some sanctions on the Russian Federation and some Russian individuals since the start of the invasion of Ukraine. But Russia can still sell oil on the international markets ...
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19 votes
7 answers
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What is the basis for the Western leaders to believe that harsh economic sanctions will not lead to a nuclear war with Russia eventually?

It is clear at the moment that no Western countries will send troops to Ukraine or set up a non-fly zone in Ukraine because they worry that will lead to a WWIII. But Putin already said Western ...
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39 votes
3 answers
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What is Russia getting in exchange for their gas and oil now that they've been cut off from the Western financial system?

As far as I can tell both of these things are currently true: Russia has been cut off from a large chunk of the Western financial system The EU is still buying Russian gas and oil But how does this ...
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1 vote
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Historical examples of sanctioning Oligarchs

Are there any modern historical examples that demonstrated the efficacy of sanctions (economic pressure) to halt a superior invading nation state?
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If Russia wins what will happen to the sanctions long term? [duplicate]

Suppose Putin "wins" by killing Zelenskyj staging a "democratic" election instating a new Russian friendly government withdrawing all Russian troops What will happen to the ...
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5 votes
2 answers
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How do US and EU mitigate the risk of Chinese influence increasing in Russia following the recent sanctions?

China will not join the sanctions against Russia and a plethora of Western companies are leaving Russia. This creates some sort of "economical vacuum" which might increase Chinese ...
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9 votes
1 answer
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Are Goldman and JPMorgan breaking the rules of current sanctions by buying Russia's cheap corporate debt?

I just saw in Bloomberg https://www.bloomberg.com/news/articles/2022-03-03/wall-street-is-already-pouncing-on-russia-s-cheap-corporate-debt that Goldman Sachs Group Inc. and JPMorgan Chase & Co. ...
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3 votes
1 answer
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Why did the EU and USA really impose sanctions on Zimbabwe?

The EU and USA first imposed economic sanctions against Zimbabwe in 2002. After that these sanctions have been renewed on a regular basis. What was the root cause of these sanctions? What is the ...
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30 votes
4 answers
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Is there any meaningful purpose in stopping selling consumer goods to Russia?

So, my newsfeed had an item about "H&M" stopping selling things to Russa, as well as a score of other random retailers (Nike? etc...). I can sort of see the possible argument about ...
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9 votes
3 answers
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Are there any official or stated end conditions for US/EU sanctions on Russia?

When the US or EU placed economic sanctions on Russia for their invasion of Ukraine, were there any official or stated ending conditions upon which sanctions would be lifted? Or are the sanctions ...
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11 votes
5 answers
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Why is Russia continuing to attack Ukraine even with a number of sanctions imposed?

Russia is essentially being blocked out of trade, and also, some western services (e.g., Apple) as a result of their war with Ukraine. The Russian currency is also collapsing quitea much. However, the ...
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30 votes
6 answers
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Serbia will not impose sanctions against Russia, why?

In Europe, there are not many countries that have not sanctioned Russia for attacking Ukraine. Serbia is one of the few that has not so far done so. What reasons have the country's leadership given ...
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3 votes
2 answers
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How did Iran mitigate the effect of the SWIFT sanctions on them?

It seems to me although Iran faced hash sanctions with SWIFT ban in 2012 and again in 2018, their GDP took a hit and dropped for two years and but rebounded again (even through Covid). From the chart ...
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6 votes
2 answers
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Why many sanctions aren't imposed together with sanctions-lifting conditions?

As much as a threat of sanctions serves as a deterrent of wrongdoings, a conditional promise (in any form, can be either in a form of law or just not-formal public announcement) of revoking them when ...
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4 votes
0 answers
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What is the point of sanctions against Russia? [duplicate]

I'm trying to understand what is the point of the penalties against Russia as a result of the war. For example, consider the collapse of Russian currency (as a result of sanctions), wouldn't this ...
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39 votes
2 answers
8k views

Why did Russia have their foreign currency reserves in overseas banks?

According to this BBC article, Russia anticipated that their invasion of Ukraine would lead to sanctions and one of their ways to sanction proof their economy was to build a large foreign currency ...
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5 votes
1 answer
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Does the fact that Japan have decided to join the US and European countries in removing selected Russian banks from SWIFT have any practical effect?

I read on https://www.foxnews.com/world/japan-us-european-allies-blocking-russian-banks-swift (mirror): Japan has decided to join the United States and European allies in removing selected Russian ...
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0 votes
2 answers
170 views

Why were India and Pakistan sanctioned in 1998 for nuclear tests?

According to the Peaceful Nuclear Explosion Treaty, individual nuclear tests were banned beyond 150 kilotons, and group explosions were limited to 1500 kilotons. In 1998, both Pakistan and Indian ...
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8 votes
3 answers
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Can Russia be cut off from the internet? [closed]

A great variety of sanctions have been discussed and implemented with more to follow. One sanction I have never heard being discussed, and that is cutting off Russia from the internet. Now I am aware ...
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29 votes
7 answers
7k views

What's the point of banning a few 'selected Russian banks' from SWIFT?

I read that several Russian banks got banned from SWIFT (mirror) following the ongoing 2022 Russian invasion of Ukraine. What's the point of banning a few selected Russian banks from SWIFT? I would ...
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2 votes
0 answers
74 views

Which European countries still allow Russian government bonds to be sold on their markets?

According to NBC, Russia is not able to sell government bonds in the US and some European countries, after invading Ukraine: Tuesday’s sanctions also barred the Russian Central Bank from financing in ...
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0 votes
1 answer
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Do export sanctions prevent web services or websites?

If the United States has economic sanctions against Russia, does this prevent American companies from serving websites to users in Russia? Will Google, Youtube, etc., have to be made inaccessible in ...
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5 votes
2 answers
1k views

Has any country besides Iran been banned from SWIFT?

As there are some ongoing discussions about a potential ban of Russia from SWIFT, I wonder whether any country besides Iran has been banned from SWIFT.
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8 votes
2 answers
300 views

Are sanctions on Putin more of a symbolical gesture or do they actually mean something?

US and EU have sanctioned Putin today. Although the reasons are clear, based on my limited understanding this seems more like a symbolical gesture. Here is why it seems to me like this: I doubt that ...
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