From Sanctions to Prosperity: How Normalizing Relations with Russia Would Boost Germany’s Economy

... populations and the prevention of NATO’s further encroachment, were necessary to defend its sovereignty and strategic interests. The European Union imposed fourteen sanction packages in response to Russia’s actions, targeting critical sectors of its economy. These measures included asset freezes worth 300 bln euros and travel bans on Russian officials and entities, exclusion of several Russian banks from SWIFT, and severe restrictions on financial services. Trade bans covered Russian coal, oil, and ...