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Year in Review: How Sanctions Changed in 2023 with 17 charts
2023 was another historic year in sanctions activity after 2022 saw the largest number of targeted sanctions adopted on record. Russia solidified its position as the most sanctioned country globally as a result of its 2022 invasion of Ukraine, but the number of sanctions levied in response to Hamas’ October attack was limited. Meanwhile, countries like Iran, Belarus and Syria faced continued sanctions pressure.
100 Days of War: the Sanctions Response to Russia’s Invasion
100 days into Russia’s (second) invasion of Ukraine, how has the international sanctions response changed? What should you expect for the next 100 days? Reduced focus on individuals, prioritization of broader economic sanctions, and efforts to enforce existing restrictions will all play a role.
What Are Countries Doing to Counter Russia’s War?
Over 140 countries voted against Russia’s war at the UN, but only 45 have imposed sanctions against Russia. Why? There is the question of political will, but a more immediate explanation is the fact that most countries do not have an autonomous sanctions program, instead relying on the UN or EU to adopt sanctions which they implement.
Russia Is Now the World’s Most Sanctioned Country
Russia Is Now the World’s Most Sanctioned Country. The crippling economic sanctions which targeted Iran were adopted over the course of nearly 10 years. Half of the sanctions adopted against Russia have been implemented in the course of 10 days.
Russia is now subject to over 5000 different targeted sanctions, more than Iran, Venezuela, Myanmar and Cuba combined.
Impact of Sanctions on Russia
The EU, US, Australia, Canada, Japan, Singapore Switzerland and others imposed over 2200 new sanctions against Russian politicians, oligarchs, banks and energy and defense firms since February 22 bringing the total of Russia-focused sanctions to over 4000. Russia is now more sanctioned than North Korea. Data updated as of 28 February, 8AM EST.
2021 Sanctions in 12 Charts
In 2021 China rapidly grew its sanctions program, the US and EU renewed focus on corruption and human rights abuses globally, the US increased its crypto offensive and for the first time in perhaps a decade, Iran was not a major focus. See this and more to round up the year in global sanctions.
By The Data: 7 Actions Biden's Treasury Will Take In the First 100 Days
The Biden administration will continue the Trump administration’s aggressive use of the Global Magnitsky Act, targeting human rights abuse and corruption globally. Biden’s Treasury, however, will emphasize multilateral actions and cooperation with the European Union (EU). It will increase pressure on Russia, China and North Korea, while easing or leveling off pressure on Iran and Cuba.