Email
Linkedin
Facebook
Twitter
Copy Link
Loading...
CED’s Policy Backgrounders provide timely insights on prominent business and economic policy issues facing the nation.
Before the war began, the President and other G-7 leaders threatened Russia that in the event of an invasion, Russia would be faced with an unprecedented level of escalating sanctions. Indeed, the package of sanctions that Western nations have collectively imposed on Russia is one of the most comprehensive ever adopted. The United States, European Union, United Kingdom, and other countries have deepened, revised, and extended sanctions frequently throughout the conflict and remain poised to do so again. However, certain sectors of the economy – notably, trade in agriculture and in some consumer goods – are exempt from sanctions. While the full impact of sanctions generally takes time to develop, in this case some powerful effects on Russia – compounded by the withdrawal of many Western companies from the Russian market – were strong and immediate. Over 40 nations, accounting for half global GDP, are participating in sanctions targeted on Russia. Significantly, however, China and India are not participating in the sanctions regime.
PRESS RELEASE
CED Provides Plan to Reach Net Zero While Ensuring Economic Growth
May 16, 2024
PRESS RELEASE
US CEOs Rank National Debt as the Top Geopolitics Threat
January 11, 2024
IN THE NEWS
A critical-moment-to-evaluate-US-China-ties-Raimondo's Trip
August 29, 2023
PRESS RELEASE
CEOs Can View Operational Resilience as an Advantage
August 16, 2023
PRESS RELEASE
CED Maps Out 2023 Policy Priorities and Solutions
January 18, 2023
IN THE NEWS
Sustainability Is the Pathway to Supply Chain Resilience
May 17, 2022
