Russia's war on Ukraine: A sanctions timeline | PIIE Skip to main content Newsroom Bookstore Subscribe About About The Peterson Institute for International Economics (PIIE) is an independent nonprofit, nonpartisan research organization dedicated to strengthening prosperity and human welfare in the global economy through expert analysis and practical policy solutions. About PIIE Board of Directors Transparency Policy Staff Subscriptions Employment Contact Annual Report Topics Topics PIIE’s renowned scholars explore and analyze a broad range of economic topics and issues, including globalization, economic and growth prospects, finance, political economy, and trade and investment, as well as economic challenges facing individual regions and countries. 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Trump's trade war timeline 2.0: An up-to-date guide Experts Experts Our widely recognized specialists on international economics bring their expertise to bear on a vast and diverse range of topics and regions. View all Senior Research Staff Research Analysts In The News Events Support PIIE Newsroom Bookstore Subscribe Blog Name RealTime Economics Russia's war on Ukraine: A sanctions timeline Chad P. Bown (PIIE) Date December 31, 2023 11:00 AM This post, originally published on March 14, 2022, is no longer being updated. For the latest research related to Ukraine, please visit this page. Thanks to Martin Chorzempa, Jeffrey J. Schott, Gary Clyde Hufbauer, Jacob Funk Kirkegaard, Takeshi Tashiro, Nicolas Véron, Yilin Wang, and numerous other colleagues for contributions. Graphic design and production by Nia Kitchin, Melina Kolb, and Oliver Ward. Body Russia's military assault on Ukraine has prompted other countries to impose an extraordinary set of coordinated economic sanctions against Russia. The measures aim to limit customary trade and financial relations with Russia, penalize Russian oligarchs for supporting President Vladimir Putin and potentially cripple Russia's economy, all in hopes of first deterring Putin from engaging in and then continuing acts of war. But the breadth and severity of these actions vary greatly, and their full effects on the Russian economy are still unfolding, as are the related implications for economic activity in other countries. This page tracks economic sanctions by the United States, European Union, United Kingdom, and other major economies, providing notable details about their execution and context with wartime events, also with links provided to formal government actions and PIIE analysis. These include sanctions against Russia as well as against Belarus for facilitating and supporting Russia’s actions in war. The timeline also includes Russia’s counter-sanctions, certain major economies’ announcements not to sanction Russia, and trade actions that advantage countries involved in the war. Data Disclosure The data underlying this analysis are available here. Related Documents File russia-sanction-timeline.xlsx (164.16 KB) More From Headshot Full Name Chad P. Bown Senior Research Staff More on This Topic Testimony Export Controls and Technology Transfer: Lessons from Russia Elina Ribakova (PIIE) February 20, 2025 Testimony The US technology fueling Russia's war in Ukraine: How and why Elina Ribakova (PIIE) February 27, 2024 RealTime Economics Ukraine needs a durable commitment of support from the G7 Jeffrey J. Schott (PIIE) Date June 17, 2024 Related Topics Russia Ukraine Sanctions Educational Resources Trackers Want more research like this? 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