Please note, this is the November 2024 edition of Atlantic Council’s Russia Sanctions Database.
After Russia’s illegal full-scale invasion of Ukraine in February 2022, Western partners imposed unprecedented financial sanctions and export controls against Russia. These measures aim to achieve three objectives:
1. Significantly reduce Russia’s revenues from commodities exports;
2. Cripple Russia’s military capability and ability to pursue its war;
3. Impose significant pain on the Russian economy.
The Atlantic Council’s Russia Sanctions Database tracks the restrictive economic measures Western allies have placed on Russia and evaluates whether these measures are successful in achieving the stated objectives.
The Database also centralizes the financial designations of more than five thousand Russian entities and individuals sanctioned by the Group of Seven (G7) jurisdictions, Australia, and Switzerland. The Database is updated quarterly and can be queried to determine if an individual or entity is designated. Please refer to the appropriate designating jurisdiction’s websites and platforms for additional information and confirmation. The data provided in the Database is intended for informational purposes only.
Key takeaways:
- Sanctions against Russia have caused major restructuring of the global supply chains, especially in the oil and precious gem industries.
- The price cap coalition members imported $9 billion worth of Russian oil products from third countries in 2023. Sanctioning Russian oil, even at the expense of raising global oil prices, might be the only way of reducing Russia’s oil revenues.
- India is now the second largest provider of restricted technology to Russia and a primary transshipment hub for the highly advanced US-trademarked chips.
Voice of Ukraine 