Russia's war in Ukraine has highlighted the vulnerability of sprawling supply chains and underscored the importance of key technological inputs like semiconductors. With much of the world united in holding Russia to account, the moment is perfect for deepening multilateral collaboration in strategically vital industries.
BERKELEY – To be effective, economic sanctions depend on multilateral coordination. Freezing the Russian central bank’s holdings and kicking Russian banks out of the SWIFT financial messaging system for international payments in response to Russia’s invasion of Ukraine are groundbreaking moves. But such measures will be successful only if there are no (or at least very few) ways to circumvent them. Their implementation and enforcement must be truly multilateral, extending beyond NATO and the transatlantic community.
BERKELEY – To be effective, economic sanctions depend on multilateral coordination. Freezing the Russian central bank’s holdings and kicking Russian banks out of the SWIFT financial messaging system for international payments in response to Russia’s invasion of Ukraine are groundbreaking moves. But such measures will be successful only if there are no (or at least very few) ways to circumvent them. Their implementation and enforcement must be truly multilateral, extending beyond NATO and the transatlantic community.