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CED’s Policy Backgrounders provide timely insights on prominent business and economic policy issues facing the nation.
This Policy Brief gives a comprehensive picture of sanctions adopted against Russia in connection with the invasion of Ukraine. The objective of the sanctions, according to statements by the US and its allies, is “to hold Russia to account and collectively ensure that this war is a strategic failure for Putin” and that while he may make gains on the battlefield, “he will pay a continuing high price over the long run.” As Treasury Secretary Janet Yellen stated, the sanctions are designed to “significantly impair [the] ability to use the Russian economy and financial system to further their malign activity.... while mitigating impacts to Americans
and our partners.”
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