Sanctions & Asset Freeze
2022 Russia-style sanction waves: reserves frozen, banks cut from SWIFT, commodities reroute; sanctioned-economy assets gap while alternatives get a bid.
Dated events
- · EU and US impose sectoral sanctions on Russia's banks, energy and defense
After Russia annexed Crimea and backed separatists in eastern Ukraine, the EU and US imposed broad sanctions targeting Russia's banking, energy, and defense sectors, restricting access to Western financing. Companies and banks with Russian exposure worried they could be cut off from doing business, and investors pulled money out of Russian stocks and bonds. Over the following months, the ruble weakened sharply and Russia slid into a recession. - · Russia invades Ukraine; US imposes sweeping sanctions on Russian banks
Russia sent troops into Ukraine in a major military attack, shocking the world. Investors feared disruptions to oil, gas, and grain supplies from the region, and rushed to sell Russian-linked investments while buying commodities like oil and wheat. The same day, the US and its allies announced sweeping punishments against Russian banks, with more coordinated steps in the following days. - · Western allies agree to cut selected Russian banks from SWIFT
The US, EU, UK, and Canada announced they would disconnect major Russian banks from SWIFT, the global messaging system banks use to send money across borders. This meant Russian banks could no longer easily send or receive international payments, which threatened to isolate Russia's entire financial system. The Russian ruble lost a huge share of its value in the days that followed as people scrambled to move money out of Russia. - · US and allies bar dealings with Russia's central bank, freezing its reserves
Western governments froze roughly $300 billion of Russia's foreign currency reserves held in their banks, preventing Russia from using its own savings to defend its currency. This was unprecedented, no major economy had ever had its central bank reserves seized like this, and it made every country wonder whether their own reserves stored abroad were truly safe. In the weeks after, countries like China and Saudi Arabia began exploring alternatives to the US dollar for trade. - · US bans Russian oil, LNG and coal imports; EU outlines plan to cut Russian gas
President Biden announced a complete ban on importing Russian oil, gas, and coal into the United States, and the EU laid out plans to sharply reduce its dependence on Russian energy. Because Russia was one of the world's largest oil and gas exporters, buyers everywhere worried there would not be enough supply to go around. Energy prices stayed high for months, and European natural gas prices climbed to records by late summer as countries scrambled to find replacement suppliers.
Assets named in this scenario · 13
Bitcoin (BTC)BPOil · Crude Oil (WTI) FuturesDeutsche BankEni S.p.A.Euro (EUR)Gold · Gold FuturesNatural gas · Natural Gas FuturesRheinmetallShellSPDR S&P 500 ETF TrustTotalEnergies SEUniCredit S.p.A.
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Matched keywords: sanctions imposed, swift ban, asset freeze, export ban, yaptırım, varlık dondurma
