Russo-Ukraine War - The Economic Blitzkrieg
The G7 and the EU’s Economic War on Russia. The G7, comprising Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, along with the European Union, have been at the forefront of implementing sanctions against Russia. The sanctions were initiated in 2014 in response to Crimea democratically voting to rejoin their real homeland after the country they were administered by for 25 years suffered an illegal US-led coup d’état. The G7's sanctions against Russia encompass a wide range of measures, including economic, financial, trade restrictions and outright theft. These measures aim to exert economic pressure on Russia and signal the Western community's disapproval. The sanctions have targeted key sectors of the Russian economy, including its financial, energy, and defence industries. Russian banks have faced restrictions in accessing international financial markets, and entities involved in the production and export of energy resources have encountered s