The intention of the sanctions is to generate tangible consequences for Russiaand affect its ability to function in international markets.
Western nations including the UK have imposed sanctions against a broad range of Russian targets including wealthy individuals, banks, businesses, and state-owned operations. Over 1,000 Russian individuals and businesses have been sanctioned by the US, EU, UK among other countries. These include wealthy business leaders, or oligarchs, deemed to have close relationships with the Kremlin and President Putin. This notably includes the former Chelsea Football Club owner, Roman Abramovich.
Major Russian banks have been removed from the international financial messaging system known as SWIFT. The impact of…
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