Policy Memo # 589
Nigel Gould-Davies 17 Apr 2019
(PONARS Eurasia Policy Memo) The effects of Western sanctions on Russia have been much debated since they were first imposed in 2014. But their impact on Russia’s economic elites remains little studied. This should be remedied. From the start, sanctions have affected elites. But in 2018, major private owners of wealth and their businesses were directly targeted for the first time. The CAATSA-mandated “Kremlin report” included all 96 Russian business...