Russia has vaulted past Iran and North Korea to become the world’s most-sanctioned nation in the span of just 10 days following President Vladimir Putin’s invasion of Ukraine.
In a surge of action led by the U.S. and European allies starting Feb. 22, Russia became the target of 2,778 new sanctions designations, bringing them to more than 5,530, according to Castellum.ai, a global sanctions-tracking database. That surpassed Iran, which has confronted 3,616 sanctions against it over the course of a decade, most for its nuclear program and support of terrorism.
The pressure on Russia has increased nearly every day. Over the weekend, American Express Co. and Netflix Inc. joined the growing list of companies withdrawing from or suspending operations in Russia. Some are doing so because of sanctions liabilities, but others are “self-sanctioning” ssentially deciding to get out even though they aren’t legally required to do so.
Source: www.bloomberg.com
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