Russia Sanctions
Target: RussiaSince 2014 (12 years)Active — Escalating
$3B
Est. Economic Impact
2014
First Imposed
12 yrs
Active Duration
Overview
Sanctions imposed after Russia's annexation of Crimea in 2014, dramatically expanded following the 2022 invasion of Ukraine. The most significant sanctions against a major economy since WWII, targeting Russia's central bank, sovereign wealth fund, energy exports, and technology imports.
Impact
Russia's GDP initially contracted 2.1% in 2022 but partially recovered through oil sales to China and India. The ruble crashed then recovered. Long-term damage: technology sector isolation, brain drain of 500,000+ educated Russians, and frozen $300B in central bank reserves.
Key Fact
Despite being the most sanctioned country on Earth (11,000+ designations), Russia's oil revenue in 2023 exceeded pre-war levels due to sales to China and India at discounted prices.