What Sanctions Could the US Hit Russia With if it Invades Ukraine?

Joe Biden goes into Tuesday’s virtual summit with Vladimir Putin, after days of close consultation with European allies on a joint response to an invasion of Ukraine, armed with a wide range of punitive measures at his disposal.

There would be increased military support for Kyiv and a bolstering of Nato’s eastern flank, but the primary focus would be on sanctions. The US secretary of state, Antony Blinken, said they would include “high-impact economic measures that we’ve refrained from taking in the past”.

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Edward Fishman, non-resident senior fellow at the Atlantic Council, said: “There is much room left for ratcheting up economic pressure against Moscow, should the Biden administration opt to do so.

“Current sanctions against Russia are light-touch; if Iran sanctions are a 10 out of 10 in intensity, today’s Russia sanctions are perhaps a two or a three,” Fishman said. “Not a single major state-owned Russian company is under full-blocking sanctions.”

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