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Angeloni, Ignazio [Author]; Daase, Christopher [Author]; Deitelhoff, Nicole [Author]; Goldmann, Matthias [Author]; Krahnen, Jan Pieter [Author]; Kroll, Stefan [Author]; Luft, Carl-Georg Christoph [Author]; Nölke, Andreas [Author]; Peez, Anton [Author]; Pelizzon, Loriana [Author]

Designing a rational sanctioning strategy

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  • Media type: E-Book
  • Title: Designing a rational sanctioning strategy
  • Contributor: Angeloni, Ignazio [Author]; Daase, Christopher [Author]; Deitelhoff, Nicole [Author]; Goldmann, Matthias [Author]; Krahnen, Jan Pieter [Author]; Kroll, Stefan [Author]; Luft, Carl-Georg Christoph [Author]; Nölke, Andreas [Author]; Peez, Anton [Author]; Pelizzon, Loriana [Author]
  • Published: Frankfurt: Leibniz Institute for Financial Research SAFE, Sustainable Architecture for Finance in Europe, [2022]
  • Published in: SAFE policy letter series ; 95
  • Extent: 1 Online-Ressource (circa 4 Seiten)
  • Language: English
  • Identifier:
  • Keywords: SWIFT ; Russian Sanctions ; Graue Literatur
  • Origination:
  • Footnote:
  • Description: This policy note summarizes our assessment of financial sanctions against Russia. We see an increase in sanctions severity starting from (1) the widely discussed SWIFT exclusions, followed by (2) blocking of correspondent banking relationships with Russian banks, including the Central Bank, alongside secondary sanctions, and (3) a full blacklisting of the 'real' export-import flows underlying the financial transactions. We assess option (1) as being less impactful than often believed yet sending a strong signal of EU unity; option (2) as an effective way to isolate the Russian banking system, particularly if secondary sanctions are in place, to avoid workarounds. Option (3) represents possibly the most effective way to apply economic and financial pressure, interrupting trade relationships.
  • Access State: Open Access