Heard on the Street: Oil and gas sanctions have proven potent in changing Moscow’s behavior before, whereas selective measures only tend to strengthen autocrats
Oil and gas have proven potent in changing Moscow’s behavior before, whereas selective measures only tend to strengthen autocrats
A powerful coalition of democracies announced it would cut off some Russian banks from the global payment system Swift. Here’s how Swift works, and how the move could ramp up pressure on Russian President Putin. Photo: Anton Vaganov/ReutersSanctions against Vladimir Putin’s war machine won’t really bite until they include energy. However dramatic, this is a step investors would be unwise to rule out.announced since it invaded Ukraine last Thursday have been designed to exclude commodity imports.
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