Sanctions on Russia: Would World Cup boycott hit harder?

CNN publishes an article which looks at the economic sanctions that have been imposed on Russia following its annexation of the Crimea and examines how effective they are likely to be. In the article, David Clark, Chairman of the Russia Foundation, is quoted giving his view on which sanctions would have the greatest impact on Russia’s behaviour. He says that the US could get greater leverage over Russia from financial sanctions aimed at the country's banking system and stability of the rouble. Measures targeted at named individuals, similar to those contained in the Magnitsky Act, could also be effective. Mr Clark also adds: "Restricting access to foreign capital and the international banking system could prove very damaging indeed because Russia's economy is stagnating and it needs inward investment.”

Thursday, March 20, 2014