Sanctions on Russia: The Impact
Recently the North Atlantic Treaty Organization (NATO) has almost reached the Russian borders through Estonia and Latvia and of late, Ukraine started expressing it’s inten t to join NATO. This implies that if Ukraine joins NATO the threat of 31 countries including USA and UK will stand at the border lines of Russia. This is where President Vladimir Putin’s objection came in giving rise to war-like conditions. Mr. Putin came out open and bold and said that the NATO should reverse and go back to what it used to be in 1997. As NATO disagreed after multiple threats from Russia, on 24 th February 2022 the invasion of Ukraine happened. To this the world and the NATO could not have taken this head-on and respond with their military. Since Ukraine was not yet a part of the NATO, so these nations could not interfere with their armies; w hich is exactly why they went with their second option i.e. financial warfare. Economic sanctions are often designed to hold a country’s economy and to create