At the beginning of the crisis in Ukraine, the U.S., Canada, Europe and a few nations in Asia slapped economic sanctions on Moscow.
Russia became the most sanctioned country in the world. It was an attempt to cut off resources needed to maintain Russia’s military campaign in Ukraine.
That was in March. Four months later, the conflict is still going on, and economic pains are being felt around the world. And some experts are saying it could have been worse, if more countries joined in the economic embargo against Russia.
Earlier, I spoke with Yukon Huang, Senior Fellow in the Carnegie Asia Program.
- Michael Alexeev is a professor of Economics at Indiana University.
- Ivan Eland is a Senior Fellow and Director of the Center on Peace & Liberty at The Independent Institute.
- Tushar Gupta is a Senior Editor at Swarajya.
Australia's new prime minister, Anthony Albanese, promised more military aid and sanctions against Russia during a visit to Ukraine on Sunday. https://t.co/0StaFuXFXk
— The New York Times (@nytimes) July 4, 2022
UK puts sanctions on ‘Nickel King’, Russia’s second richest person https://t.co/sO57SUNb5N
— The Guardian (@guardian) June 29, 2022