Two foreign policy experts from Curtin University, Australia, believe coordinated sanctions and boycotts on Russia will do little to quell the current invasion of Ukraine or push Vladimir Putin’s inner circle to remove him. Democratic nations have been in lockstep in the past week, rolling out a wave of sanctions to increase pressure on the Russian elite to cease the invasion of its neighbour. Some measures include kicking Russian financial institutions off the SWIFT global payments system—integral for inter-country money transfers; freezing the assets of oligarchs; restricting Russian planes from accessing European, American, and Canadian airspace; and stopping Moscow’s Central Bank from accessing currency reserves overseas. Companies, retirement funds, and non-profit organisations have also contributed via boycotts of the Russian market in one form or another. While the means have been unprecedented, actual results may be slow-coming, according to Joseph Siracusa, adjunct professor of international diplomacy. “They have a one …
Sanctions Unlikely to Force Russia’s Hand: Foreign Policy Experts
March 4, 2022
admin
AustraliaBusiness & EconomyChinaEuropeEurope-China RelationsInternationalInternational RelationsRussia-Ukraine WarUkraineVladimir PutinWorld
0 Comment