Perhaps the most pressing problem that confronts the European Union in the imposition of trade bans is the absence of tangible statistics regarding settlement-related trade...
As with the US-China decoupling, the question is not whether this relationship will reshape the world but how sustainable it will be in the face of shifting geopolitical priorities...
Given that a large portion of Russia's financial reserves was held abroad, the freezing of these assets led to immediate concerns about the ability to manage balance sheets...
Just before the Ukraine war, Russia approved measures that could lead to the nationalisation of foreign firms suspending their operations in the country's domestic market...
The Joe Biden administration removed the majority of the six-month limitations on Venezuela's ability to produce, sell, and export oil to specific markets...