Lesson #450

The West imposed some of the strongest-ever financial sanctions on Russia

After Russia invaded Ukraine, the West imposed a predictable – and usually ineffective – round of financial sanctions on Russia entities like banks, businesses, and government officials. But then, the US and the EU upped the ante and coordinated some of the strongest-ever financial sanctions on Russia. But the biggest possible sanction remains off the table. Plus, learn what it means to have a “change of heart.”