In this special #Russia edition of the Global #Sanctions Dashboard, we walk you through these whirlwind weeks of sanctioning Russian oligarchs and central bank reserves, cutting Russia off #SWIFT, and Russia’s options for sanction-proofing its economy atlanticcouncil.org/blogs/econogra…
The US and its allies have targeted Russia’s financial system by freezing the Central Bank of Russia’s assets in their jurisdictions. But where is the CBR’s $630 billion stockpile in reserves located? Check out the breakdown⬇️ atlanticcouncil.org/blogs/econogra…
Notice the sheer number of US-sanctioned banks and financial institutions below⬇️: To drain the Kremlin’s ability to finance war the OFAC designated four major Russian banks along with their subsidiaries on Feb 24 atlanticcouncil.org/blogs/econogra…
The latest Western #sanctions also target Russia’s top elites – starting with President #Putin himself. The US UK & EU have frozen all the assets of Putin’s closest allies who also run state owned enterprises. Discover how they’re all connected ⬇️ atlanticcouncil.org/blogs/econogra…
Over 30 countries, representing more than half of the global economy, have sanctioned #Russia. This is what we mean by an unprecedented act of sanctions from the global community. Find out how sanctions have progressed over this 8 day period atlanticcouncil.org/blogs/econogra…
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The administration signed an Executive Order on #cryptocurrencies, stablecoins, and #CBDCs today. The EO calls for regulation and US leadership on digital currencies. To understand how the US went from silence on these issues to a Presidential directive, follow along...🧵
The EO says: “Over 100 countries are exploring or piloting Central Bank Digital Currencies (CBDCs)”. Explore our CBDC Tracker to see the status of each country and how the US currently lags behind major economies. atlanticcouncil.org/cbdctracker/
Trade value between Russia & China was over $110 billion in 2020, increasing tenfold since 2002.
Exactly how deep is this economic relationship? Scroll through this thread for three more critical charts showing the goods that flow between these borders.
Russia relies on China primarily for:
➡️electronic equipment
➡️machinery
➡️nuclear reactors.
These made up the bulk of China’s exports to Russia in 2020. In total, China exported over 34 billion USD worth manufacturing goods to Russia in 2020.
When we followed China’s money to Russia, it led us to fuel. Nearly 30 billion dollars worth of mineral fuels and oils flowed from Russia to China in 2020. Natural resources clearly drive Russia’s contribution to this trade relationship.