Sanctions against Russia resemble boxing matches

First appeared at Policy Center for the New South

The economic sanctions against Russia announced last week by the United States and Europe following the military invasion of Ukraine are having a profound impact on the Russian economy while also having repercussions at home. As in a boxing match, the expectation is that blows to the opponent can knock them out, despite the exposure on the punching side.

The United States has applied some sectoral and limited economic sanctions against Russia since the annexation of Crimea in 2014 and the military clashes in eastern Ukraine. Nothing comparable, however, to what was announced last week, after the entry of Russian troops into Ukraine.

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