Russia tried to make itself sanctions-proof with a buildup of gold and hard currency. But we estimate that the G7 froze nearly $400 billion of its foreign reserve assets.
Take a look to see just how much money Russia can no longer access⬇️
Atlantic Council GeoEconomics Center
17.7K posts
Atlantic Council GeoEconomics Center
@ACGeoEcon
1400 L St NW, Washington, DC
Joined July 2013
- G7+allies are going after sanctions evasion tactics of hiding assets through real estate, family members, financial facilitators, shell companies & countries that haven’t sanctioned Russia yet. We’re mapping these efforts in Russia Sanctions Database 🇷🇺 atlanticcouncil.org/blogs/econogra…
GIF - 🇷🇺 From Switzerland to Singapore, #Russia’s sanctions evasion network stretches across 20 countries. The country has sought advanced Western technologies by all means possible. Explore the map in our new edition of the Global Sanctions Dashboard 🧵 atlanticcouncil.org/blogs/econogra…
GIF - Fragmentation does not resonate in the Global South, argues #Netherlands Deputy Prime Minister and Finance Minister @SigridKaag, calling for "re-globalization that is truly fair and inclusive." Watch the wide-ranging conversation with @joshualipsky ⤵️ atlanticcouncil.org/event/a-conver…
- 🇪🇸 This morning, we hosted Spain's Vice President and Minister of Economic Affairs, @NadiaCalvino, for an engaging discussion on economic growth, the risks of fragmentation, and the digital economy. Watch here ⤵️ atlanticcouncil.org/event/a-conver… @SpainInTheUSA @_minecogob @ACEurope
- Russia has earned €62 billion from exports of oil, gas, and coal in the 2 months since the invasion began. Our newest Global Sanctions Dashboard edition shows how different countries restrict energy exports. Scroll through the 🧵for more highlights atlanticcouncil.org/blogs/econogra…
GIF - 📚 What we're reading The end of #dollardominance 💵 wouldn’t just be a shift away from the US, but also from the current global trading system. @michaelxpettis explains why not all currency transitions are created equal for the @FinancialTimes ⤵️
- 🇷🇺 Russia's economy is not sanctions-proof. Moscow's $47 billion budget deficit in 2022 is one of the highest since the end of the Soviet Union. It has used band-aids to prop up its economy until now. Learn more in our Global Sanctions Dashboard: bit.ly/3HydfDX
GIF - The EU has agreed to stop ⅔ of oil imports from Russia immediately, and 90% by the end 2022. Major player Sberbank is also now blocked from the SWIFT messaging system. Explore our Global Sanctions Dashboard to see where other countries stand on sanctions atlanticcouncil.org/blogs/econogra…
GIF - The 🇺🇸🇪🇺 + allies displayed extraordinary unity—representing over half of the global economy— and speed in imposing sanctions in response to the Russian invasion of Ukraine. Policymakers considered credibility & the moral imperative as reasons to do so, said Daleep Singh.🧵
00:00 - LIVE—@FinMinIndia's @nsitharamanoffc joins our experts on the ground in Marrakesh to talk about India's economic outlook and the country's goals as G20 president. #AM2023 #FutureofEcon x.com/i/broadcasts/1…
- Financial innovation & technology can help women lead the way in Ukraine's reconstruction, says @StellarOrg Executive Director @DenelleDixon. Read highlights from our discussion on Ukraine's digital reconstruction and other #IMF-#WorldBank week events⤵️ atlanticcouncil.org/blogs/new-atla…
00:00 - We are excited to announce more participants in our Fintech Hub at the #ExploringCBDC conference. Attendees will experience first-hand the technical infrastructure driving the modernization of money today. Register now ➡️ atlanticcouncil.org/programs/geoec…
- US leverage over Russia continues to lie in the dollar and sanctions on Russia's lucrative oil trade. The EU, however, controls the main levers causing Russia the most economic pain—SWIFT, energy exports to Europe, and Russia's blocked assets⤵️
