TY  - UNPD
A1  - Angeloni, Ignazio
A1  - Daase, Christopher
A1  - Deitelhoff, Nicole
A1  - Goldmann, Matthias
A1  - Krahnen, Jan Pieter
A1  - Kroll, Stefan
A1  - Luft, Carl-Georg
A1  - Nölke, Andreas
A1  - Peez, Anton
A1  - Pelizzon, Loriana
T1  - Designing a rational sanctioning strategy
T2  - SAFE policy letter ; 95
N2  - This policy note summarizes our assessment of financial sanctions against Russia. We see an increase in sanctions severity starting from (1) the widely discussed SWIFT exclusions, followed by (2) blocking of correspondent banking relationships with Russian banks, including the Central Bank, alongside secondary sanctions, and (3) a full blacklisting of the ‘real’ export-import flows underlying the financial transactions. We assess option (1) as being less impactful than often believed yet sending a strong signal of EU unity; option (2) as an effective way to isolate the Russian banking system, particularly if secondary sanctions are in place, to avoid workarounds. Option (3) represents possibly the most effective way to apply economic and financial pressure, interrupting trade relationships.
T3  - SAFE policy letter - 95 
KW  - SWIFT
KW  - Russian Sanction
Y1  - 2022
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/63475
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-634755
UR  - https://safe-frankfurt.de/policy-center/policy-publications/policy-publ-detailsview/publicationname/designing-a-rational-sanctioning-strategy.html
IS  - February 2022
PB  - SAFE
CY  - Frankfurt am Main
ER  -