Economic

The International Energy Agency (IEA) has warned that Russia could cut gas supplies to Europe entirely in order to boost its leverage against the West following Moscow's invasion of Ukraine.

U.S. sports apparel giant Nike says it is fully quitting the Russian market, three months after suspending its operations in the country.

VILNIUS, Lithuania — Lithuania on Monday defended its decision to bar rail transit from Russia to a Russian Baltic Sea exclave of goods hit by European Union sanctions, in a move that drew Moscow's strong anger amid high tensions in the region.

VILNIUS, LITHUANIA — Lithuanian authorities said a ban on the transit through their territory to the Russian exclave of Kaliningrad of goods that are subject to EU sanctions was to take effect Saturday.

Cape Town, South Africa — Three times this year, South Africa has abstained from voting on United Nations resolutions condemning Russia’s invasion of Ukraine.

UK slaps fresh sanctions on Russia, Belarus

Britain announced on Sunday it will increase tariffs on platinum and palladium imports from Russia and Belarus in a new package of sanctions targeting 1.7 billion pounds ($2.10 billion) of trade, which it said aimed to further weaken Russian President Vladimir Putin's war machine.

WASHINGTON —
The United States Department of the Treasury has announced new sanctions against Russia for its invasion of Ukraine.

Latest £1.7bn sanctions include UK import tariffs on metals and chemicals

After talks with Ukrainian President Volodymyr Zelenskyy, leaders of the G7 nations pledged further economic isolation of Russia and vowed "phasing out or banning" Russian oil imports.

...the world should shift some sanctions to target positions in the Russian government, state-owned enterprises, political parties and state-controlled media. Russians in these jobs then have a choice: They can stay in their government and government-affiliated roles and face the consequences — or resign and avoid sanctions

"Enact a complete ban and embargo of Russian crude oil, oil products, gas, and coal, banning both import and export flows to and from the democratic world, while minimizing the leakage through secondary sanctions." 1/ THREAD

Today, FSI Director @McFaul
and @AndriyYermak
, head of the Office of the President of #Ukraine, shared strategies to further sanction #Russia

This post, originally published on March 14, 2022, will be updated as sanctions evolve in response to Russia’s invasion of Ukraine

Ex-Russia investor Bill Browder said Putin's oligarchs should have been sanctioned earlier.
In an interview with NYT, he said pre-invasion sanctions "would have had a much greater effect."
In February, Zelenskyy urged the West to not wait for an invasion to declare sanctions on Russia.

Taiwan is banning 57 products for export to Russia, joining other countries in imposing economic sanctions on Moscow over its invasion of Ukraine. These products include semiconductors and telecoms equipment.

Switzerland sanctions Russia by adopting most of the remaining EU sanctions announced on March 15.

Adhering to the March 11 joint announcement, Japan imposes financial sanctions on Russian individuals and entities, bans exports to certain Russian entities, and bans exports of luxury goods to Russia.

Australia announces sanctions against Russian and Belarusian individuals.

Norway sanctions Russia by aligning its measures with EU sanctions imposed on March 15, 2022.

Following the G7 announcement, the US Treasury sanctions dozens of Russian defense companies, more than 300 members of the Russian Duma, and other Russian individuals. It also clarifies that existing US sanctions cover any transactions involving gold and the Central Bank of Russia.