You only have to take a glimpse at Russia's export basket to realise that a sanctions regime excluding the energy sector runs into severe effectiveness limits.
If you are struggling to understand the difference between proposed SWIFT sanctions and the targeted sanctions on specific Russian banks unveiled today, here's a quick tutorial, using a forced air home heating system as an analogy for the cross-border payment system. 1/
Interested in ABM for #economics? Here are three papers from 2021 I find particularly interesting
Including: Dosi et al., Reissl, and Botta et al.
https://t.co/D7jY5ktCeC
#EconTwitter
Taiwan announces that it is joining the international sanctions regime against Russia. Taiwan is the world's leading producer of semiconductors and Russia losing access to this is a large blow not just to their military but their economy generally