AnalysisBusinessEconomyEuropeFeaturesFinanceGlobal IssuesSocietyWorld
Financial sanctions: banks’ reactions depend on their location, research reveals
Individual states and intergovernmental organisations increasingly use financial sanctions to punish or influence the behaviour of targeted entities.
However, our latest research shows that even universally adopted sanctions can throw a spanner into the works of the global financial system for want of being enforced everywhere.
Since the invasion of Ukraine in 2022, much ink has been spilled over the sanctions on Russia.
Such economic sanctions – including arms embargoes and travel and trade restrictions – have been regularly used since World War II and…