“What kind of power can the US exercise to punish other countries for their offenses?” The New York Times wonders. The answer, in the era of nuclear weapons, is the economic power, they note later. They impose sanctions and interrupt access to the US dollar by thinking that unbearable economic pain will force a country to behave properly. However, Russia – in some measurements, the country with the most sanctions in the world – shows no hurry to do what the US and European countries want: to end the war in Ukraine. According to the New York Times, from Russia’s complete invasion in 2022, the US has put more than 6,000 people and companies related to the Russian war on the official sanctions list. In order to operate these bans, financial institutions that carry money beyond border must control the transactions and cut off illegal […]
Source: News Beast
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