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sanctions

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Modern Warfare: The Economics of Conflicts, Part 2 Sanctions, Capital Controls, and the Rewiring of Global Finance

In contemporary conflict, the most consequential strikes often occur inside payment systems, reserve accounts, and cross-border contracts.

The 18th Blow, Part 2: Sanction Fatigue or Strategic Patience?

The European Union’s latest sanctions package against Russia, its eighteenth since 2022, has reignited the central question dogging Brussels and Washington alike: are sanctions working?

The 18th Blow, Part 1: How Europe’s Newest Sanctions Mark a Shift in Strategy

Since Russia’s full-scale invasion of Ukraine in 2022, the European Union has imposed 17 rounds of sanctions aimed at disrupting Moscow’s financial and logistical...

Europe Moves First: New Russia Sanctions Signal Transatlantic Divide

While the U.S. weighs its next move, the EU and Britain have imposed fresh sanctions on Russia, targeting oil tankers and financial enablers of the war economy.

The Quasi-Default

Russia is officially in default, sort of…

The Ruble Rollercoaster

The Russian government has successfully stabilised the ruble, but no one how long they can keep this up.

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