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Vladimir Putin chairs a meeting with the State Council Presidium

Ramil Sitdikov, Sputnik, Kremlin Pool Photo via AP

Journal Article - Washington Quarterly

Lessons in Sanctions-Proofing from Russia

| 2023

Overall, "sanctions-proofing" activities by governments do not offer an impermeable shield against financial sanctions due to the strength of the US dollar, the reach of multilateral sanctions, and the speed with which coordinated sanctions can be imposed. However, some sanctions-proofing strategies enable governments to continue pursuing their goals despite sanctions pressure. Analysis of Russia's adaptations to the sanctions should temper expectations of sanctions' ability to alter wartime behavior. The threat of sanctions did not deter war and the initial imposition of sanctions did not coerce a change in the decision to wage war.