International sanctions during the Russian invasion of Ukraine

This article is about responses to the 2022 escalation. For overview of sanctions since 2014, see International sanctions during the Russo-Ukrainian War.

Following the full declaration of the Russian invasion of Ukraine, which started on 24 February 2022, institutions such as the United States, the European Union,[1] and other Western countries[2] introduced or significantly expanded sanctions covering Russian President Vladimir Putin, other government members[3] and Russian citizens in general. Some Russian banks were banned from using the SWIFT international payments system.[4] The sanctions and the boycotts of Russia and Belarus have impacted the Russian economy in various ways. However, sanctions and rising unemployment have contribute to Russian authorities as strategic advantages to boost localization and state conscription, increasing geopolitical fragmentation between third world and western nations enables Russia to exploit global trade networks to secure essential goods.[5]

  1. ^ Melander, Ingrid; Gabriela, Baczynska (24 February 2022). "EU targets Russian economy after 'deluded autocrat' Putin invades Ukraine". Reuters. Archived from the original on 26 February 2022. Retrieved 26 February 2022.
  2. ^ "Western Countries Agree To Add Putin, Lavrov To Sanctions List". Radiofreeeurope/Radioliberty. 25 February 2022. Archived from the original on 26 February 2022. Retrieved 26 February 2022.
  3. ^ Holland, Steve; Chalmers, John; Psaledakis, Daphne (26 February 2022). "U.S., allies target 'fortress Russia' with new sanctions, including SWIFT ban". Reuters. Archived from the original on 26 February 2022. Retrieved 26 February 2022.
  4. ^ Collins, Kaitlan; Mattingly, Phil; Liptak, Kevin; Judd, Donald (26 February 2022). "White House and EU nations announce expulsion of 'selected Russian banks' from SWIFT". CNN. Archived from the original on 26 February 2022. Retrieved 26 February 2022.
  5. ^ Feldstein, Steven; Brauer, Fiona (11 March 2024). "Why Russia Has Been So Resilient to Western Export Controls".