Why the Pain of Western Sanctions Against Russia Will Intensify Over Time

Russian President Vladimir Putin gestures as he speaks at the St. Petersburg International Economic Forum, St. Petersburg, Russia, June 2, 2017 (AP photo by Dmitry Lovetsky).
Russian President Vladimir Putin gestures as he speaks at the St. Petersburg International Economic Forum, St. Petersburg, Russia, June 2, 2017 (AP photo by Dmitry Lovetsky).
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After President Donald Trump reluctantly signed legislation in August imposing new U.S. sanctions on Moscow for its interference in the 2016 U.S. presidential election, Russia’s parliament last month drafted a bill that would try to shield Russian banks from further sanctions by obscuring their investments in the state-controlled arms industry. The United States and the European Union have imposed multiple layers of sanctions on Russia since 2014 for its actions in Ukraine. In an email interview, William Courtney, an adjunct senior fellow at the RAND Corporation and former U.S. ambassador to Georgia and Kazakhstan, discusses the impact of Western sanctions […]

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