{"id":177115,"date":"2022-04-25T12:49:56","date_gmt":"2022-04-25T09:49:56","guid":{"rendered":"https:\/\/uacrisis.org\/?p=177115"},"modified":"2022-04-25T13:02:44","modified_gmt":"2022-04-25T10:02:44","slug":"ukraine-in-flames-44","status":"publish","type":"post","link":"https:\/\/uacrisis.org\/en\/ukraine-in-flames-44","title":{"rendered":"Ukraine in Flames. How effective are imposed economic sanctions against Russia?"},"content":{"rendered":"\n
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The unprecedented economic sanctions and successful military operations are the most effective instruments we have against Russian aggression today. Economic sanctions are the predominant instrument of the Western pressure on Russia. They grew stronger since Putin launched a full-scale war against Ukraine two months ago. The main reserves of the Russian Central Bank are frozen. Most Russian banks are now disconnected from Swift. Western capital cannot be invested in Russia, and import of high-tech components has virtually been stopped. More than 400 Western companies have left Russia. Russian coal is under embargo and pressure is mounting to extend the ban on oil and gas. <\/p>\n\n\n\n

At the same time, Western observers state that these various steps may not weaken the Kremlin enough in the short run. Russia will face default on May 4, 2022, but the reaction of the global economic system is still hard to predict. The Head of the Central Bank of Russia Elvira Nabiullina mentioned that the Russian economy would enter \u2018structural transformation\u2019 by the beginning of June-July 2022, which gives the aggressor enough time and economic power to continue the war today. <\/p>\n\n\n\n

Are the existing restrictions really intolerable for the Russian economy? Will Western sanctions be able to stop Russia’s war against Ukraine? Ukraine in Flames #44 answers these questions. <\/p>\n\n\n\n

Speakers: <\/p>\n\n\n\n