How to Use Economic Sanctions Wisely
Given the horrors of Russia's invasion of Ukraine, the public's support for sanctions has been strong. But, before tightening sanctions further or imposing them indefinitely, Western powers should consider the broader risks to the global economy and the international trade and financial system.
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WASHINGTON, DC – To help Ukraine while avoiding a nuclear confrontation between NATO and Russia, the United States and its allies have attacked the Russian economy with trade and financial sanctions on a previously unimaginable scale. But is it the right scale, and are these the right sanctions?