Lessons in Sanctions-Proofing from Russia
Journal: The Washington Quarterly
Year: 2023

States called the multilateral sanctions imposed on Russia in early 2022 "unprecedented." 1 Even Russian President Vladimir Putin acknowledged their severity when he stressed "the need to counter economic restrictions that were imposed on us, which are truly unprecedented without any exaggeration." 2Part of the response to the Russian invasion of Ukraine, these financial and trade sanctions-imposed on Russia by Western governments-target key firms in the financial and energy sectors, debt financ