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The Effect of Western Sanctions: A View from Ukraine
Since Russia invaded Ukraine on February 24, Western governments have adopted several packages of economic sanctions in an attempt to diminish the resources available to the Russian (and Belarusian) regimes. But the question of whether the sanctions are producing the intended results – in terms of economic isolation, political opposition, social instability – remains to be seen. The Ukrainian Institute of the Future, a leading Ukrainian think tank, analyzed the measure that have taken to date and whether other so-called “neutral” nations can be persuaded to join the list of countries imposing sanctions on Russia.
WATCH
About Sanctions
Russia’s 2022 Economic Anomaly
Putin’s War Costs: Changing Russia’s Economy
The Western Companies Helping Underwrite Russia’s War
Putin’s War Costs: Shifting the Burden to the Population
Sanctioning Russia: Implications for the Global Economy
In this edition of Wilson Center NOW, Bruce Jentleson and Meg Lundsager discuss the rapid implementation of sanctions by the U.S. and Europe on Russia.
Western Companies Should Do More to Stop Russia
Wilson Smart Take: The U.S. Ban on Russian Oil and What’s Next for the Global Oil Marketplace
Wilson Policy Briefing: Russia Sanctions, Financial Markets and Cryptocurrencies
Smart Take | Russia Suspends Ukraine Grain Deal
Learn MoreAbout the Russia-Ukraine Grain Deal
Russia’s Suspension of the Black Sea Grain Initiative Exposes Cracks in EU Solidarity
Russia recently suspended its participation in the Black Sea Grain Initiative—the crucial UN agreement enabling continued exports of Ukrainian grain via the Black Sea. The article examines how this decision affects future EU support for Ukraine and how it exposes broader issues of integrating Ukraine as a full-fledged member state in to the EU.
The Ukraine-Russia Grain Deal: A Success or Failure?
Can the Grain Shipments Agreement Deliver Peace?
Kennan Cable No. 79: Russia is Looting Ukraine’s Breadbasket…Again
Forty Percent of the World Food Program’s Wheat Supplies Come from Ukraine
Smart Take: Russia and Ukraine Renew Grain Export Deal
With Ukraine’s stunning drop in GDP owing to the war, the only way to defeat Russia remains international aid, which will also be needed to help rebuild Ukraine after the war.
Sanctions against Russian exports, extremely important in the medium and long term, proved ineffective in the short term because high energy prices continued to fill the state’s coffers.
From the very beginning Moscow has seen the grain deal as affording it leverage over Ukraine and the West. Grain exports are one of the few sources of hard-currency income for the Ukrainian economy.
