FACT SHEET: Disrupting and Degrading – One Year of U.S. Sanctions on Russia and Its Enablers

The U.S. Department of the Treasury (USDT) has published what it calls a Fact Sheet about the effects of Russia’s war against Ukraine one year after its commencement. Therein, the UDST outlines some key statistics on sanctioned entities and persons, on key targets of the global alliance, on private sector measures that have followed in the past year, and on Russia’s economy and economic outlook following the sanction measures imposed by the U.S. and its allies. Some of the key statistics are briefly noted below; for a detailed, comprehensive description, please refer to the original document.
#### Key facts about the war
– The U.S. sanctioned around 2400 individuals and entities in this past year;
– Key targets were the members of the Duma, Russian oligarchs and friends and family of Vladimir Putin, Iranian companies supplying important military equipment to Russia, and Russian state owned companies and banks;
– More than 1,000 foreign companies have ceased operations in Russia;
– The U.S. has engaged in the so-called multilateral Russian Elites, Proxies, and Oligarchs (REPO) Task Force which collaborated and still is collaborating in identifying funds and assets of Putin supporters. So far, REPO has managed to „immobilize“ more than „$300 billion worth of Russian Central Bank assets“ and frozen billions of Russian oligarchs;
– Russia has been cut off from global military supply and supply of related products such as microchips;
– Russia’s revenues from oil exports have decreased significantly (60%) despite rising exports;
– Russia experienced a records public deficit in the past year which it had to finance through the sale of foreign reserves.