Economic sanctions: how to use the instrument effectively

Published by the IA “Interfax-Ukraine” on February 2, 2024.

The question of how the US and other democracies can help Ukraine rebuff Russian aggression is closely related to economic sanctions or, expressed correctly, restrictive measures.

A strategic view on utilizing economic sanctions against Russia and its national entities must be likened to a well-known military strategy approach. Accordingly, ends, ways, and means should be core elements of such strategy, which I would prefer to name “Economic Sanction Strategy.” Yet another analogy could be taken into consideration – deterrence, which can be one either by punishment or by denial. “Economic” deterrence by denial is unfeasible regarding possible intervention by militarily near-peer states; the military instrument of national power matters in such a case.   Детальніше

How the US and Saudi Arabia beat Russia in the oil market

Published by the IA “Interfax-Ukraine” on April 13, 2020.

There has been a steady demand reduction for oil due to the spread of COVID-19 in the world. The main reasons were the current and forecasted decrease in GDP among countries around the world. The restrictions on the movement of people around the world were introduced, business and private travel, including tourism have almost stopped. Restrictions on movement inside the country by transport have also been imposed in many countries. According to some estimates, about 40 percent of the world’s population has been advised to limit their stay outside their homes.