The financial sanctions maze – Central Banking

When sanctions are imposed by governments and national authorities on institutions and individuals in their jurisdictions, including bans and limits, the consequences are not always as anticipated. In the case of financial sanctions imposed on Russia (and Belarus) by the European Union, Japan, the UK, the US and other countries in response to its invasion of Ukraine, one might expect sanctions to be simple proscriptions. The measures are supposed to be comprehensive in coverage and are intended

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