The Russia Sanctions The Economic Response to Russia's Invasion of Ukraine

In The Russia Sanctions, Christine Abely examines the international trade measures and sanctions deployed against Russia in response to its 2022 invasion of Ukraine. Abely situates contemporary sanctions within their larger historical and economic backgrounds and provides a uniquely accessible analysis of the historic export controls and import restrictions enacted since 2022. She argues that these sanctions have affected, and will continue to affect, global trading patterns, financial integration, and foreign policy in novel ways. In particular, she examines the effects of sanctions on energy, food, fertilizer, the financial system, and the global use of the US dollar, including trends of de-dollarization. Coverage includes sanctions against oligarchs, the freezing and seizure of assets, and steps taken to make sanctions more effective by promoting financial transparency worldwide.

Introduction; 1. Before the invasion; 2. Invasion: the first week; 3. The financial sanctions and impact on the global financial system; 4. Extraterritoriality; 5. The energy problem; 6. Trade as a weapon; 7. Food insecurity; 8. The oligarchs, and others; 9. Escalation; 10. Enforcement; 11. Assessing the sanctions; Conclusion.

Christine Abely is an assistant professor at New England Law | Boston. She previously practiced international trade and sanctions law and is a licensed customs broker. Her work has appeared in The Hill, Just Security, and numerous academic journals.